16176 LOTUS WAY
About This Property
The primary suite features a two large walk-in closets and an en-suite bath with dual vanities and an oversized walk-in shower. Two additional bedrooms and full baths offer space and privacy for family or guests. Step outside to your fully fenced backyard-a true private retreat that's perfect for kids, pets, or just relaxing in peace.
Located just a short walk or bike ride from Cypress Lodge, resort-style pools, and top-rated Babcock Ranch schools, this home is in one of the most desirable locations in town. Babcock Ranch offers miles of trails, live events, restaurants, and a tight-knit community powered by solar energy.
Whether you're a growing family, working remotely, or just looking for a better lifestyle, this home checks all the boxes-and it's priced to move. Don't wait. Homes at this price in Lake Babcock don't last long!
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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 29, 2025 | Sold | ||
| Sold | |||
| Jul 3, 2025 | In contract | - | |
| In contract | |||
| Jun 27, 2025 | Relisted | $370,000 | |
| Relisted | |||
| Jun 16, 2025 | In contract | - | |
| In contract | |||
| Jun 4, 2025 | Listed by EXP REALTY LLC | $370,000 | |
| Listed by EXP REALTY LLC | |||
Property Highlights
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About Charlotte
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017