1517 Presley Way
About This Property
The kitchen is beautifully appointed with crisp white cabinetry, granite countertops, stainless steel appliances, a gas range, and a convenient butler's pantry for added storage and serving space. The first-floor primary suite offers a private retreat, and the laundry room's direct connection to the primary closet is one of those practical details you'll appreciate every day. Upstairs, additional living spaces provide flexibility for a game room, media room, playroom, or second living area-giving everyone room to spread out. Enjoy all that Lantana living has to offer, including multiple resort-style pools, splash pads, fitness centers, tennis and pickleball courts, scenic trails, parks, playgrounds, community events, and highly rated golf just moments away at Lantana Golf Club (membership required). With its ideal location, flexible layout, and exceptional neighborhood amenities, this home offers the lifestyle buyers are looking for.
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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 |
|---|---|---|---|
| Jul 2, 2026 | Sold | ||
| Sold | |||
| May 23, 2026 | In contract | - | |
| In contract | |||
| May 15, 2026 | Listed by MAGNOLIA REALTY | $585,000 | |
| Listed by MAGNOLIA REALTY | |||
| Jan 15, 2026 | No longer available | - | |
| No longer available | |||
| Nov 14, 2025 | Price Decreased |
$599,999
↓ $25K
(4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017