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116 Stirrup Lane
About This Property
3-bathroom courtyard home with tranquil water views. As you walk into the courtyard you have the guest suite with 1 bedroom and 1 full bathroom. Whether used as a guest suite, home office, or private retreat, this flexible space adds incredible value and versatility. The main house has an additional 2 bedrooms and 2 full bathrooms.
Enjoy the peaceful ambiance of water views from the comfort of your home, and take full advantage of the indoor-outdoor lifestyle this property offers.
Don't miss this rare opportunity to own a unique courtyard model!
Exterior Painted 2023, A/C 2024, Bathrooms Renovated 2022/2023, Gutters Installed 2022, Water Heater 2021
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Cap Rate Calculator
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 12, 2025 | Sold | ||
| Sold | |||
| Jul 25, 2025 | In contract | - | |
| In contract | |||
| Jul 10, 2025 | Price Decreased |
$549,000
↓ $36K
(6.2%) | |
| Price Decreased | |||
| May 8, 2025 | Listed by RE/MAX Prestige Realty/Wellington | $585,000 | |
| Listed by RE/MAX Prestige Realty/Wellington | |||
| Dec 1, 2021 | Sold | ||
| Sold | |||
Property Highlights
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About Saratoga at Royal Palm
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017