8969 Scallop WAY
About This Property
The kitchen, designed for the home chef, features upgraded Shaker-style cabinetry with convenient 42" upper cabinets and easy-access drawers in place of traditional lowers. Sparkling white quartz countertops, a sleek sink, stylish plumbing fixtures, and a striking white backsplash add a touch of elegance, offering a perfect blend of function and sophistication. These premium finishes extend into both bathrooms, enhancing the home's cohesive design.
The open-concept layout is ideal for entertaining, with a spacious island serving as the heart of the home and a natural gathering space. A thoughtful split-bedroom plan ensures privacy for guests, while the dining area offers versatile options-perfect for reading, socializing, or unwinding with a drink. Custom lighting and fans throughout the home add a fresh, modern touch.
Step outside to the private lanai, where lush landscaping surrounds your morning coffee retreat. The heated saltwater pool, finished with durable Pebble Tec and elevated on a stem wall, expands your outdoor living experience. Evenings bring a serene ambiance with views of the illuminated fountain.
The spacious master suite is a peaceful retreat with tranquil water views, a garden tub, a walk-in shower, a private water closet, and two walk-in closets. Natural light floods the home, enhanced by stylish window treatments. For added peace of mind, the front windows feature impact glass, while Storm Smart protection secures the lanai sliders and southern windows, with shutters for the remaining windows.
Slip-resistant, wood-look tile flooring runs throughout, blending beauty with practicality. A well-equipped laundry room, complete with a utility sink, is conveniently located off the garage entry. The extended garage, featuring an epoxy-coated floor, provides ample storage.
Minutes from Boca Grande, situated in the highly desirable gated community of Coral Caye, this home offers access to a wealth of activities, including biking, walking, kayaking, boating, fishing, golfing, and shopping. Residents enjoy a stunning clubhouse, a fitness center, a pool, and pickleball courts. Best of all, the warm and welcoming community makes Coral Caye a truly special place to call home.
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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 |
|---|---|---|---|
| Mar 7, 2025 | Sold | ||
| Sold | |||
| Feb 16, 2025 | In contract | - | |
| In contract | |||
| Oct 5, 2024 | Listed by MICHAEL SAUNDERS & COMPANY | $675,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Apr 12, 2023 | Sold | ||
| Sold | |||
| Mar 13, 2023 | Listed by MICHAEL SAUNDERS & COMPANY | $675,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017