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933 Wateroak Drive NE
About This Property
Set on a desirable corner lot, this 2-bedroom, 2-bath home with a 1-car garage offers an added sense of openness in a quiet, peaceful setting. The enclosed back porch is the perfect place to unwind, enjoy beautiful Florida sunsets and perhaps catch a glimpse of the neighborhood's special visitors, the graceful sandhill cranes.
Pride of ownership shows throughout. The home has been thoughtfully maintained and refreshed inside and out with new flooring, fresh interior and exterior paint, updated lighting and window treatments, refreshed landscaping, garage flooring and newer appliances. Recent improvements include a 2024 water heater and 2024 dishwasher, along with an updated A/C thermostat. The distinctive hip-style cement tile roof has also been regularly serviced through an ongoing roof maintenance program.
Inside, the comfortable, functional floor plan makes everyday living easy, while the enclosed porch provides additional space to relax and enjoy the Florida lifestyle.
Bermuda Walk offers the best of low maintenance living in an established community. Residents enjoy a community pool and clubhouse, with lawn maintenance included in the LOW HOA, allowing more time to enjoy your home and less time spent on upkeep.
Conveniently located in NE Palm Bay near shopping, dining, major roadways and everyday essentials, this isn't simply another home for sale. It's a special opportunity to become part of a community and own a home that has been cared for from the very beginning.
One family. One special corner lot. And now, for the first time, one opportunity to make it yours. This one will not last long!
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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 12, 2026 | Price Decreased |
$229,900
↓ $7K
(3%) | |
| Price Decreased | |||
| Oct 5, 2026 | Relisted | $237,000 | |
| Relisted | |||
| Oct 1, 2026 | In contract | - | |
| In contract | |||
| Sep 11, 2026 | Listed by Denovo Realty | $237,000 | |
| Listed by Denovo Realty | |||
| Jul 24, 2014 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017