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11249 BOUNDLESS TERRACE
About This Property
Built in 2024, this FULLY FURNISHED meticulously upgraded home features a bright, open-concept layout with a seamless flow between the kitchen, dining area, and great room. Every detail has been elevated beyond builder standards, including tile flooring throughout the main living areas, plantation shutters, upgraded lighting and ceiling fans, and abundant natural light.
The kitchen has been beautifully enhanced with upgraded stainless steel appliances, 42" cabinetry with under-cabinet lighting, pull-out drawers for added functionality, and a clean, modern finish that blends both style and convenience.
Step outside to a new extended upgraded lanai experience-complete with pavers, a covered seating area, Super Screen enclosure, and sliding glass doors with retractable blinds. Enjoy peaceful lake views in a space designed for true indoor-outdoor living. Additional exterior upgrades include enhanced landscaping, Storm Smart electric hurricane shutters on the lanai and a retractable front door screen.
This home is loaded with high-value upgrades already completed for you, including impact windows and doors, a smart home technology panel, a fully outfitted laundry room with added cabinetry, and an extended two-car garage with epoxy flooring-features that are often costly add-ons in new builds.
Residents of Brightmore at Wellen Park enjoy an exceptional lineup of resort-style amenities, including a spa, resort-style pool, and dedicated lap pool, along with a vibrant clubhouse featuring a fitness center, library, and card rooms. The community also offers a cafe, restaurant, and bar, perfect for casual dining and social gatherings.
Outdoor amenities are equally impressive, with over 20 miles of scenic walking and biking trails, the stunning 80-acre Grand Lake, bocce ball courts, a dog park, and eight pickleball courts plus a stadium pickleball court for tournament-style play. Relax and unwind at the community fire pits or take in the beautifully designed gathering spaces that make Brightmore an active and engaging place to call home.
Located just minutes from shopping, dining, and the exciting Downtown Wellen Park district, this home offers the ideal combination of move-in-ready convenience, premium upgrades, and resort-style living-without the delays, added costs, or uncertainty of building new.
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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 |
|---|---|---|---|
| Sep 8, 2026 | Sold | ||
| Sold | |||
| Aug 4, 2026 | In contract | - | |
| In contract | |||
| Aug 1, 2026 | Price Decreased |
$475,000
↓ $4K
(0.8%) | |
| Price Decreased | |||
| Jul 23, 2026 | Price Decreased |
$479,000
↓ $21K
(4.2%) | |
| Price Decreased | |||
| May 21, 2026 | Price Decreased |
$499,999
↓ $15K
(2.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017