16117 Herons View 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 |
|---|---|---|---|
| Aug 24, 2026 | Price Decreased |
$750,000
↓ $75K
(9.1%) | |
| Price Decreased | |||
| May 15, 2026 | Listed by Coldwell Banker Realty | $825,000 | |
| Listed by Coldwell Banker Realty | |||
| May 1, 2026 | No longer available | - | |
| No longer available | |||
| Apr 18, 2026 | Price Decreased |
$844,900
↓ $5K
(0.6%) | |
| Price Decreased | |||
| Nov 1, 2025 | Listed by Knowledge Base Real Estate | $849,900 | |
| Listed by Knowledge Base Real Estate | |||
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***Motivated!*Owner financing available at the current Applicable Federal Rate, which is 3.82% for a mid-term loan; specific terms and qualifications apply*** Discover exceptional value and peace of mind in this beautifully maintained home at 16117 Herons View Drive, located within amenity-rich River Hall Country Club. Filled with major recent upgrades, this residence offers durability, style, and effortless living in a serene Southwest Florida setting. Step inside to a bright, inviting interior enhanced by significant improvements throughout. The home features new impact windows and doors (2024) for safety and efficiency, a newer tile roof (2022) for long-term confidence, and newly painted exterior (2024) for crisp curb appeal. The kitchen includes - electric range, microwave, and refrigerator (2023), complemented by a newer washer and dryer (2023) for added convenience. Enjoy your private pool and spa, now complete with a new pool pump, filter, and valves (2024) along with a new saltwater system, controller, and spa blowers (2023), offering a low-maintenance, resort-style experience right at home. Beyond the property, the community provides outstanding amenities, including a Davis Love III designed golf course, a welcoming clubhouse, fitness facilities, resort-style pool areas, pickleball and tennis courts, scenic walking paths, and social activities—perfect for those seeking an active yet peaceful lifestyle. With all major improvements already completed and access to exceptional neighborhood features, this home offers a rare combination of comfort, convenience, and community living in the heart of Alva.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017