8240 SW Marin Drive
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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%.
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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 |
|---|---|---|---|
| Aug 22, 2025 | Sold | ||
| Sold | |||
| Jul 15, 2025 | In contract | - | |
| In contract | |||
| Jul 1, 2025 | Listed by KW Innovations | $1,000,000 | |
| Listed by KW Innovations | |||
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Welcome to Your Dream Home in Prestigious Savanna Estates!
Step into this exquisite estate home located in the highly sought-after Savanna Estates, where elegance, modern upgrades, and timeless design converge. Built by Kolter Homes, this residence has been thoughtfully enhanced with premium, energy-efficient features that make it truly one-of-a-kind.
Noteworthy Upgrades Include:
• Whole-home impact windows
• Tesla solar system (2025) with two battery backups — fully paid for
• A brand-new, resort-style pool (2025)
• Professionally installed pet-friendly astroturf in the rear yard ($60,000 value)
• Outdoor shower and expanded patio with custom fire pit — perfect for entertaining " Stunning 2025 Bespoke Samsung stainless steel kitchen appliances, including double ovens
" New luxury vinyl plank flooring throughout
" Three newly added awnings for additional shade and style
" Plantation shutters and 2025 water heater
" Two new AC units (2023)
" All new modern toilets throughout
This impressive estate offers over 4,200 total sq. ft. with 4 spacious bedrooms, a dedicated office/den, 4 full bathrooms, and a 3-car garage. The triple-split floor plan is both functional and ideal for privacy and flow.
Upon entering, you're greeted by soaring volume ceilings and an open-concept design that immediately draws your eye to the stunning backyard oasis. Thoughtful craftsmanship is showcased throughout the home with custom woodwork, shiplap accents, picture frame moldings, ceiling beams, and designer built-ins that are as functional as they are beautiful.
The expansive kitchen is a chef's dream featuring ceiling-height white cabinetry, a massive island, and the 2025 Samsung Bespoke appliances. The owner's suite is a sanctuary with grand dimensions, luxurious finishes, and a spa-like en suite bath offering separate vanities, soaking tub, walk-in shower, and dual walk-in closets.
The additional bedrooms are generously sized with ample closet space, and the home office boasts impeccable custom built-ins and wood detailing.
Backyard Paradise:
The newly completed pool (2025) is perfectly positioned for sun and shade, surrounded by lush, resort-style landscaping that offers total privacy. Enjoy outdoor living with an expanded patio, covered entertaining space, custom fire pit, and an outdoor shower all designed to feel like your own 5-star retreat.
Savanna Estates is an intimate, upscale neighborhood with an exceptionally low HOA. Just 10 minutes to historic downtown Stuart and the Stuart Marina, this location is the perfect blend of luxury and convenience.
This home truly must be seen in person photos don't do it justice!
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| May 9, 2019 | Sold | ||
| Sold | |||
| Mar 29, 2019 | Listed by Berkshire Hathaway Florida Realty | $499,000 | |
| Listed by Berkshire Hathaway Florida Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017