29
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1444 Boca Rio Drive
About This Property
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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 |
|---|---|---|---|
| May 26, 2026 | Sold | ||
| Sold | |||
| May 4, 2026 | In contract | - | |
| In contract | |||
| Apr 8, 2026 | Price Decreased |
$489,900
↓ $10K
(2%) | |
| Price Decreased | |||
| Mar 24, 2026 | Price Decreased |
$499,900
↓ $9K
(1.8%) | |
| Price Decreased | |||
| Dec 19, 2025 | Listed by RE/MAX Aerospace Realty | $509,000 | |
| Listed by RE/MAX Aerospace Realty | |||
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Rare opportunity to own one of the most private and beautifully updated homes in this highly coveted 55+ gated community. Perfectly positioned on a premium homesite with tranquil water views and a preserve backdrop, this exceptional residence offers over $100,000 in recent upgrades and shows like new construction.
Enjoy the peaceful setting from the spacious under-truss porch and extended lanai overlooking the water, the perfect place for morning coffee, evening sunsets, or relaxed outdoor entertaining.
Inside, all-new luxury vinyl plank flooring flows seamlessly throughout the entire home -- with no carpet. The fully renovated kitchen serves as the heart of the home, showcasing beautiful cabinetry with crown molding, highest-grade granite countertops, an expanded center island designed for gathering, and brand-new appliances.
The owner's suite is a true retreat, featuring a customized walk-in closet and charming sitting room with serene water views. The updated ensuite offers a gra nite-topped double sink vanity, expanded zero-entry walk-in shower, and a relaxing soaking tub.
A desirable split floor plan provides privacy for family and guests, with a separate hallway leading to two spacious guest bedrooms and a beautifully updated guest bathroom.
Major system upgrades provide outstanding peace of mind, including all new double-pane windows (2022), new HVAC (2023), impact-rated garage door (2020), roof replacement (2018), plus new ceiling fans, updated lighting, accordion shutters, and more.
Residents of this vibrant and active community enjoy resort-style amenities, including a clubhouse with heated pool and spa, fitness center, pickleball and bocce/tennis courts, along with a full calendar of social events such as movies, trivia nights, concerts, and community gatherings.
The HOA handles lawn care, irrigation, and even exterior painting, allowing for truly carefree living.
Conveniently located just minutes from shopping, dining, and everyday essentials, this home offers the perfect blend of comfort, style, privacy, and low-maintenance living.
Homes with this level of updating and such a premium water-and-preserve setting rarely become available. Schedule your private showing today.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017