8220 REEFBAY COVE
About This Property
This beautifully maintained 5-bedroom, 3-bathroom home, built in 2022, offers 2,630 sq. ft. of modern living on a rare cul-de-sac lot. With over $25,000 in upgrades, a gourmet kitchen, luxurious master suite, and a private fenced yard, it's perfect for your family.
Key Features:
- Gourmet Kitchen: Quartz countertops, stainless steel appliances, and large island.
- Privacy: Unique lot with tropical landscaping and covered lanai.
- Flexible Space: First-floor room for an office or guest suite.
- Resort Amenities: Pool, splash pad, clubhouse, and more.
- Prime Location: Close to I-75, schools, shopping, dining, and beaches.
Don't miss this exceptional value-schedule your tour today!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 21, 2025 | Sold | ||
| Sold | |||
| Feb 2, 2025 | In contract | - | |
| In contract | |||
| Jan 9, 2025 | Price Decreased |
$442,500
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Dec 7, 2024 | Price Decreased |
$447,500
↓ $3K
(0.6%) | |
| Price Decreased | |||
| Nov 7, 2024 | Listed by INNOVATE REAL ESTATE, LLC | $449,999 | |
| Listed by INNOVATE REAL ESTATE, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017