8960 SCALLOP WAY
About This Property
The beautifully appointed kitchen showcases chiffon-colored cabinetry, a stylish glass backsplash, and granite countertops, creating a warm and inviting atmosphere. The master suite is a luxurious retreat, featuring two walk-in closets, a spa-like soaking tub, a walk-in shower, a double vanity, and a separate water closet. The second bath is thoughtfully designed with a Kohler walk-in tub, providing comfort and convenience. Additional features throughout the home include tile flooring, custom plantation shutters, interior blinds, crown molding, upgraded ceiling fans, and a custom cabinetry laundry room. High-impact windows and doors offer added security and energy efficiency, while upgraded plumbing fixtures enhance the home's refined aesthetic.
Nestled in Placida, Florida, Coral Caye is a premier gated community offering exceptional amenities, including a clubhouse, community pool, pickleball courts, and a fitness center. Located just minutes from Boca Grande, this home provides easy access to biking, walking, kayaking, beaches, boating, fishing, golfing, shopping, and dining. Combining luxurious features with private entertaining spaces and breathtaking preserve views, this home is a rare opportunity to experience the best of Florida living. Schedule your private showing today!
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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 |
|---|---|---|---|
| Jun 5, 2025 | Sold | ||
| Sold | |||
| May 6, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Price Decreased |
$525,000
↓ $35K
(6.3%) | |
| Price Decreased | |||
| Apr 13, 2025 | Price Decreased |
$560,000
↓ $25K
(4.3%) | |
| Price Decreased | |||
| Mar 29, 2025 | Price Decreased |
$585,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017