116 Hibiscus Drive
About This Property
Welcome to this beautifully maintained all-brick home located on the largest lake in the prestigious Neuse Colony neighborhood. Nestled on a quiet cul-de-sac for ultimate privacy, this 3-bedroom, 2.5-bath home offers luxury, comfort, and unbeatable outdoor living in one of Clayton's most sought-after gated communities.
The spacious first floor features a serene primary suite, elegant formal dining and living rooms, a light-filled open kitchen that flows seamlessly into the family room, and a dedicated theater room-perfect for movie nights or entertaining. Upstairs, you'll find two additional bedrooms, a stylishly renovated full bath, and a versatile loft/bonus room ideal for a home office, gym, or playroom.
Hardwood floors flow throughout the main level, highlighting the open and inviting layout. Step outside onto your oversized raised patio and take in sweeping views of the manicured lawn, lush landscaping, and tranquil lake-ideal for morning coffee or evening gatherings.
The property also includes a spacious 2.5-car garage with plenty of room for your vehicles and golf cart, which is perfect for exploring the neighborhood's scenic roads and trails. Conveniently located just off Highway 42, you're minutes from Clayton's shopping, dining, and amenities.
This is more than a home-it's a lifestyle. Don't miss your chance to experience lakefront living at its finest.
Roof replaced in 2016, 75 gallon water heater 2019. CINCH HOME WARRANTY INCLUDED!
Showings begin Saturday April 26
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017