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16419 PAYNES MILL DRIVE
About This Property
Upstairs includes a loft, a large bonus room/5th bedroom and three additional bedrooms, including one with a private ensuite bathroom.
The gourmet kitchen offers white cabinetry, a breakfast bar, apron sink, under-cabinet lighting, glass-front accent cabinets with a pull-out bar shelf, pull-out drawers beneath the gas cooktop, and soft-close cabinets and drawers throughout.
Upgrades include 5-inch baseboards, metal stair railings, a glass front door, and enhanced tile, counters, and flooring. Additional features include insulated garage doors, added laundry room cabinetry, and window trim in the dining room and primary bedroom.
Sliding pocket doors lead to a private, fenced backyard with upgraded landscaping and room to add a pool.
Park East offers resort-style amenities including a community pool, volleyball and basketball courts, dog parks, sports fields, and playgrounds. Conveniently located near Lakewood Ranch shopping and dining, UTC, I-75, and Sarasota's award-winning beaches. Zoned for the new Lake Manatee K-8 school.
Schedule your private tour 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 |
|---|---|---|---|
| Jul 28, 2026 | Sold | ||
| Sold | |||
| Jun 29, 2026 | In contract | - | |
| In contract | |||
| Jun 6, 2026 | Price Decreased |
$599,000
↓ $26K
(4.1%) | |
| Price Decreased | |||
| Apr 22, 2026 | Price Decreased |
$624,900
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Jan 26, 2026 | Relisted | $629,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017