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111 Florentine
About This Property
Inside, the home showcases a curated selection of high-end finishes & architectural details, including professional-grade GE appliances, highlighted by a matching SONIC ICE MACHINE, along with a chef's pantry with additional counter space & electrical outlets for seamless prep & storage. All appliances convey, including a top-of-the-line GE washer & dryer. Custom cabinetry & designer lighting are featured throughout, complemented by soaring 12-foot ceilings, cedar beam accents, under-cabinet lighting, & a convenient pot-filler. A dedicated main-level office includes built-in desk cabinetry, while the upstairs game room offers a concealed television on a sliding track system, a mini fridge, & an adjacent bonus room with a half bath, providing both flexibility & thoughtful design.
The home is further enhanced by a whole-house water softener & a triple-filter sink faucet, ensuring elevated everyday living. A carpet runner with integrated stair lighting adds both style & function. Outdoors, the property truly shines with expansive covered patios at both the front and back, including a front patio perfectly positioned to capture serene golf course views. The fully equipped outdoor kitchen, complete with grill, sink, and mini refrigerator, pairs beautifully with an oversized built-in fire pit, creating a peaceful setting for entertaining year-round. Soffit lighting adds a warm architectural glow, completing this meticulously designed luxury retreat.
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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 |
|---|---|---|---|
| Aug 13, 2026 | In contract | - | |
| In contract | |||
| Jun 26, 2026 | Price Decreased |
$899,500
↓ $100K
(10%) | |
| Price Decreased | |||
| May 7, 2026 | Price Decreased |
$999,500
↓ $46K
(4.4%) | |
| Price Decreased | |||
| Apr 5, 2026 | Listed by HSB Real Estate, LLC | $1,045,000 | |
| Listed by HSB Real Estate, LLC | |||
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About Horseshoe Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017