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11724 Peony Terrace
About This Property
A soaring entry sets the tone with custom millwork and designer lighting, leading into a beautifully designed interior where high-end lighting carries consistently throughout the home. The gourmet kitchen serves as a true centerpiece, featuring quartz countertops, premium Wolf, Sub Zero, and Miele appliances, and custom cabinetry enhanced with Shelf Genie pullout systems for exceptional organization and functionality. The adjacent living area is anchored by a custom built in entertainment center, low voltage lighting, and dramatic volume ceilings that create a warm yet elevated atmosphere.
Designed for both everyday living and entertaining, the home offers a spacious game room or private office complete with custom desk and cabinetry. Four private en suite bedrooms each feature walk in closets, while the primary suite is a true retreat with a spa inspired bath, custom pullouts throughout, and elegant dual walk in closets. Thoughtful storage is found throughout the home, providing both convenience and efficiency.
Additional interior highlights include a large laundry room with custom cabinetry and sink, a stylish powder bath, and two AC systems enhanced with recently installed UV air treatment. Hunter Douglas remote controlled shades are featured throughout, complemented by custom drapery in the main living areas.
The exterior has been thoughtfully updated with a freshly painted finish, all new hurricane impact windows, enhanced landscaping, professional low voltage lighting, a whole house gas Generac generator, and a Halo water conditioning system.
Outdoor living is exceptional, centered around a custom designed pool and raised spa with natural gas heating, dual pumps, and a saltwater system. The oversized lanai is designed for true indoor outdoor living, featuring an Italian marble pool deck, PVC ceiling, panoramic screen enclosure, and electric Kevlar hurricane shades.
A fully equipped outdoor kitchen showcases marble finishes, stainless steel cabinetry, gas grill, icemaker, and drawer refrigeration, alongside a gas fireplace and outdoor television, all overlooking a tranquil water feature.
The extended 3 car garage with high finish epoxy flooring, a custom slat wall storage system, cabinetry, overhead storage, and dual mini split AC units.
Located within Valencia Trails, this community will benefit from convenient access to the newly completed Vanderbilt Beach Road extension, significantly reducing drive times to Naples beaches and downtown, enhancing both lifestyle and accessibility.
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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 |
|---|---|---|---|
| Jul 24, 2026 | Sold | ||
| Sold | |||
| Jun 30, 2026 | In contract | - | |
| In contract | |||
| Jun 2, 2026 | Price Decreased |
$1,999,000
↓ $100K
(4.8%) | |
| Price Decreased | |||
| May 20, 2026 | Price Decreased |
$2,099,000
↓ $196K
(8.5%) | |
| Price Decreased | |||
| Apr 3, 2026 | Listed by William Raveis Real Estate | $2,295,000 | |
| Listed by William Raveis Real Estate | |||
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About Rural Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017