15876 Mulrion Boulevard
About This Property
Step outside and embrace the unmatched lifestyle that makes Babcock Ranch so desirable. Sanctuary residents enjoy access to resort-style amenities, scenic lakes, miles of walking, biking, and nature trails, expansive parks, playgrounds, community pools, pickleball and tennis courts, and a vibrant calendar of year-round events. Just minutes away, Founder's Square offers waterfront dining, coffee shops, shopping, live entertainment, and weekly community gatherings that create a true hometown atmosphere. With top-rated schools, cutting-edge technology, and a commitment to sustainability, Babcock Ranch offers a lifestyle unlike any other. Whether you're searching for a primary residence, seasonal retreat, or investment opportunity, this home delivers exceptional value in one of Florida's fastest-growing master-planned communities.
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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 |
|---|---|---|---|
| Aug 28, 2026 | Price Decreased |
$429,900
↓ $20K
(4.5%) | |
| Price Decreased | |||
| Aug 11, 2026 | Price Decreased |
$449,900
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Jul 7, 2026 | Listed by Keller Williams Elevate Luxury | $460,000 | |
| Listed by Keller Williams Elevate Luxury | |||
| Jun 16, 2025 | Sold | ||
| Sold | |||
| May 13, 2025 | In contract | - | |
| In contract | |||
Property Highlights
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About Charlotte
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017