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Map
1408 Francesca Arden WAY
About This Property
Step inside to find luxury vinyl plank flooring throughout with no carpet, custom window treatments, and designer upgrades at every turn. The chef's kitchen features Calacatta marble countertops, upgraded cabinetry, stainless steel appliances, and a large island perfect for gatherings. The open layout flows effortlessly into the dining and living spaces filled with natural light.
The primary suite includes a spa like bath and a custom walk in closet. Additional highlights include a whole home water softener, reverse osmosis system, and a 3 car garage with step free access, ideal for families with young children or older adults.
Enjoy professionally landscaped front and backyards that create stunning curb appeal, along with a covered patio that serves as the perfect outdoor retreat. The flat fully usable backyard has no steps, making it both beautiful and functional.
Located in Palmera Ridge, within walking distance to highly rated Tarvin Elementary and the neighborhood amenity center with pool and playground. Conveniently close to major shopping, dining, and new developments along Ronald Reagan Blvd. This rare single story Highland Home truly has it all.
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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 |
|---|---|---|---|
| Jan 27, 2026 | In contract | - | |
| In contract | |||
| Jan 7, 2026 | Price Decreased |
$710,000
↓ $20K
(2.7%) | |
| Price Decreased | |||
| Dec 1, 2025 | Price Decreased |
$730,000
↓ $20K
(2.7%) | |
| Price Decreased | |||
| Nov 10, 2025 | Price Decreased |
$750,000
↓ $25K
(3.2%) | |
| Price Decreased | |||
| Oct 17, 2025 | Listed by eXp Realty, LLC | $775,000 | |
| Listed by eXp Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017