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12231 Areaca Drive
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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%.
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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 24, 2026 | In contract | - | |
| In contract | |||
| Sep 21, 2026 | Listed by Partnership Realty Inc. | $1,975,000 | |
| Listed by Partnership Realty Inc. | |||
| Dec 1, 2025 | Sold | ||
| Sold | |||
| Nov 14, 2025 | In contract | - | |
| In contract | |||
| Oct 15, 2025 | Listed by Keller Williams Realty - Wellington | $1,200,000 | |
| Listed by Keller Williams Realty - Wellington | |||
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Welcome home to this beautifully maintained 4-bedroom, 2.5-bath pool home on 1.03 lushly landscaped acres with no HOA! Offering nearly 3,000 sq. ft. under air, this home features a remodeled kitchen with granite counters, a center island that opens to a family room with a coral fireplace and crown moulding throughout. Each bedroom includesa large closet, and the primary suite offers dual vanities, a soaking tub, and separate shower. Additional highlights include impact windows, two newer AC units, an AC laundry room, a detached 465 sq. ft. garage/workshop, circular driveway, and PebbleTec pool—all surrounded by mature trees and manicured grounds. Nestled on a private 1.03-acre lot surrounded by mature trees and a manicured lawn, this spacious 5-bedroom, 2.5-bath home offers nearly 4,000 total sq. ft. of thoughtful living. Designed for comfort and entertaining, the open kitchen remodeled in 2007 features granite counters, a center island, a bar, flowing seamlessly into the family room accented by a coral fireplace and crown moulding.
Every bedroom includes its own walk-in closet, and the split-plan layout ensures privacy for the primary suite, complete with dual vanities, a soaking tub, and separate shower. Additional highlights include an air-conditioned laundry room, den/office, cabana bath with tub, and tile laid on the diagonal.
Outside, enjoy the screened PebbleTec pool, lush landscaping, and multiple parking options with a circular drive, 2-car attached garage, and 465-sq-ft detached garage/workshopfully permitted and air-conditioned. Updates include a flat roof re-roof (2007), impact PGT windows, two newer AC units (2018 & 2019), and a 2025 water heater. With no HOA and plenty of room for your toys, this property delivers the best of Florida living comfortable, elegant, and beautifully maintained.
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About Pinewood East of Wellington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017