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12303 Colliers Reserve Drive
About This Property
Rare Collier's Reserve estate situated on one of the community's largest and most private homesites. Designed for indoor-outdoor living and entertaining, the property offers two detached guest cottages, flexible guest accommodations, a concealed second kitchen, and a private resort-style courtyard.
The central courtyard features a new pool and decking, updated fireplace, dedicated grill area, gravel walkways, pocket sliders, and walls of windows that create a seamless connection between the kitchen, living areas, and outdoor spaces.
The main residence includes a private guest suite separated from the primary wing with an en suite bath. A den with a closet may also function as an additional bedroom.
Two detached guest cottages provide exceptional flexibility and privacy. One includes a walk-in closet and secluded patio and is currently used as an art studio, making it suitable for a home office, creative space, or guest retreat. The second cottage includes a kitchenette for independent accommodations. Both cottages feature full bathrooms, with one also serving as a cabana bath.
A fully concealed butler's pantry functions as a true second kitchen with floor-to-ceiling cabinetry, dual wine coolers, dishwasher, refrigerator, and sink. The space is ideal for entertaining, catered events, or additional food preparation while keeping the main kitchen open and organized.
Additional improvements include a completely renovated primary bathroom with marble vanities, a whole-home generator with a 500-gallon propane tank, and impact-rated windows and sliders.
Immediate golf membership is available. Located in Collier's Reserve, an Audubon International Signature Sanctuary community, less than five miles from the beach and minutes from shopping, dining, and everyday conveniences.
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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 9, 2026 | Listed by eXp Realty LLC | $2,750,000 | |
| Listed by eXp Realty LLC | |||
| Jul 1, 2026 | No longer available | - | |
| No longer available | |||
| Apr 24, 2026 | Price Decreased |
$2,975,000
↓ $100K
(3.3%) | |
| Price Decreased | |||
| Mar 25, 2026 | Price Decreased |
$3,075,000
↓ $400K
(11.5%) | |
| Price Decreased | |||
| Nov 16, 2025 | Price Decreased |
$3,475,000
↓ $120K
(3.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017