94 Ravine Road
About This Property
Inside, an open-concept kitchen with a cafe area and breakfast bar flows effortlessly into the dining and great room, creating a welcoming space for entertaining. Large windows allow for abundant natural light, while tray ceilings add architectural charm to both the great room and the primary suite. The owner's suite is tucked away at the rear of the home, featuring a stylish shiplap accent wall, dual walk-in closets, dual vanities and an oversized shower. Two additional bedrooms provide flexibility for guests or a home office. A covered lanai offers a perfect place to unwind and enjoy the tranquil water views.
Practical upgrades such as plantation shutters, a spacious pantry, extra storage in the garage and a tankless water heater add to the home's appeal. Located just a short walk from the community's exceptional amenities, residents enjoy access to a gated clubhouse, fitness center, pickleball and tennis courts, a resort-style pool with lap lanes, cabanas and a covered lanai. With its prime location near 30A, top-rated dining, golf courses and the beach, this home offers the perfect balance of relaxation and convenience.
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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 13, 2025 | Sold | ||
| Sold | |||
| Apr 15, 2025 | In contract | - | |
| In contract | |||
| Feb 12, 2025 | Listed by Scenic Sotheby's International Realty | $749,000 | |
| Listed by Scenic Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017