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8842 EASTWYCK DRIVE
About This Property
This beautiful Islamorada I is currently under construction with an expected completion window of September or October. The home showcases high-end finishes throughout, including Maddox painted harbor cabinets, frost white three centimeter MSI quartz countertops, and stunning nutmeg luxury vinyl plank flooring. Offering a spacious and versatile layout, the floorplan features 2,535 square feet of functional living space with four bedrooms, three bathrooms, a private den or office, and a three car garage. The open concept design creates a natural flow between the main living areas, perfectly balancing daily comfort and effortless entertaining. Outside, homeowners can relax on the extended covered lanai and enjoy a beautiful water view that highlights the best of Florida living.
Images shown are for illustrative purposes only and may differ from actual home. Completion date subject to change.
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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%.
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 |
|---|---|---|---|
| Oct 6, 2026 | In contract | - | |
| In contract | |||
| Oct 2, 2026 | Price Decreased |
$699,990
↓ $75K
(9.7%) | |
| Price Decreased | |||
| Sep 24, 2026 | Price Decreased |
$774,990
↓ $13K
(1.6%) | |
| Price Decreased | |||
| Sep 10, 2026 | Price Decreased |
$787,486
↓ $13K
(1.6%) | |
| Price Decreased | |||
| Jul 17, 2026 | Price Increased |
$799,986
↑ $5K
(0.6%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017