16324 Preservation Boulevard
About This Property
2,776 sq. ft. | 4 Bed | 3.5 Bath | Lake and Preserve Views | Gated Waterview Landing | Low $378/Month HOA | No Neighbor Behind or to the South
This is the opportunity buyers wait for-seller is ready to make a deal now. Perfectly positioned on one of the most premium lots in Waterview Landing, this elegant Montura model combines luxury, privacy, and lakefront living at an unbeatable value.
Enjoy panoramic eastern views of Lake Babcock, a peaceful preserve backdrop, and no neighbor to the south for unmatched privacy.
Highlights include:
Open-concept kitchen with oversized island and walk-in pantry
Expansive great room that flows to the lanai
Private primary suite with spa-style bath and large walk-in closet
Split-bedroom layout ideal for guests or multi-generational living
Low $378/month HOA covers lawn care, gated security, and neighborhood upkeep.
Live in America's first solar-powered town, offering A-rated schools, resort-style amenities, community events, lakes, trails, and more.
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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 |
|---|---|---|---|
| Sep 8, 2025 | Sold | ||
| Sold | |||
| Aug 19, 2025 | In contract | - | |
| In contract | |||
| Aug 15, 2025 | Price Decreased |
$499,000
↓ $50K
(9.1%) | |
| Price Decreased | |||
| Jul 30, 2025 | Price Decreased |
$549,000
↓ $26K
(4.5%) | |
| Price Decreased | |||
| Jul 17, 2025 | Price Decreased |
$575,000
↓ $15K
(2.5%) | |
| Price Decreased | |||
Property Highlights
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Price/ft²
Listed On
Sold On
About Charlotte
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Phone: 425-283-2930
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