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Map
909 Preakness Place
About This Property
Experience estate living on 1.2 acres in Rockledge Acre Estates. This expansive home features soaring vaulted ceilings, abundant natural light, and a functional layout designed for everyday living and entertaining. The kitchen offers high end appliances, custom cabinetry, an oversized island, and views of the pool and water beyond. The primary suite includes generous closet space and a large bathroom, while three additional bedrooms and two bathrooms provide flexibility for a variety of living arrangements. A versatile flex space offers options for a home office, reading area, or additional seating. Outdoor amenities include a screened pool and hot tub beneath a two story covered patio, creating exceptional indoor outdoor living space. Mature tropical landscaping enhances privacy throughout the property. This property presents an opportunity to update and personalize a home in one of Rockledge's most desirable communities.
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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 |
|---|---|---|---|
| Jul 30, 2026 | In contract | - | |
| In contract | |||
| Jul 8, 2026 | Price Decreased |
$699,900
↓ $22K
(3.1%) | |
| Price Decreased | |||
| Jun 25, 2026 | Listed by Realty Of America | $722,200 | |
| Listed by Realty Of America | |||
| Aug 8, 2025 | Relisted | $749,999 | |
| Relisted | |||
| Jul 29, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017