16226 PAYNES MILL DRIVE
About This Property
The main floor includes a versatile den, perfect for a dedicated home office or quiet study. The primary suite on the first floor is a true retreat for relaxation. Its spa-like bathroom, with dual sinks and a large walk-in shower, simplifies your routine.
Upstairs, a spacious loft offers flexibility for a media room or playroom. The additional bedrooms are well-sized, and convenience is key: one bedroom has its own private bath, while the other two share a full bath.
At the center of the home is the kitchen, featuring classic white cabinetry, elegant granite countertops, and a large breakfast bar-a natural gathering spot.
Outside, your private oasis awaits with a stunning pool and a fully fenced yard. It's the perfect setting for barbecues, family fun, or quiet evenings.
Beyond your door, the Park East at Azario community includes resort-style amenities like a resort style community pool, volleyball and basketball courts, two dog parks, a sports field, and a playground. Located in Lakewood Ranch, you'll have access to top-notch schools (including the new Lake Manatee VPK-8th grade building opened 2025-2026), premier shopping, dining, and world-class golf-all minutes away. With quick access to I-75, Lakewood Ranch Main Street, Waterside, and the famous Gulf Coast beaches are easily reached. Your dream home is ready-contact us today.
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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 |
|---|---|---|---|
| Jan 13, 2026 | Sold | ||
| Sold | |||
| Dec 16, 2025 | In contract | - | |
| In contract | |||
| Nov 25, 2025 | Listed by PREFERRED SHORE LLC | $615,000 | |
| Listed by PREFERRED SHORE LLC | |||
| Aug 20, 2025 | Price Decreased |
$615,000
↓ $35K
(5.4%) | |
| Price Decreased | |||
| May 22, 2025 | Price Decreased |
$649,900
↓ $29K
(4.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017