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16443 PAYNES MILL DRIVE
About This Property
A first-floor office provides a convenient space for working from home, studying, or everyday organization, while the upstairs loft space offers additional room for a media area, playroom, homework station, or reading nook. Step outside to the screened lanai and enjoy a peaceful water view, perfect for morning coffee, relaxing evenings, and peaceful Florida views. Move-in ready and thoughtfully designed, this home offers a wonderful combination of architectural appeal, desirable water-view lot placement, flexible living space, and exceptional value. Enjoy the benefits of a newer home without the wait for new construction, all in desirable Park East at Azario with convenient access to Lakewood Ranch amenities, shopping, dining, parks, schools, and everyday conveniences.
Some pictures are staged.
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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 |
|---|---|---|---|
| Oct 27, 2026 | Sold | ||
| Sold | |||
| Sep 16, 2026 | Price Decreased |
$545,000
↓ $20K
(3.5%) | |
| Price Decreased | |||
| Jul 16, 2026 | Relisted | $564,900 | |
| Relisted | |||
| Jul 8, 2026 | In contract | - | |
| In contract | |||
| Jun 22, 2026 | Listed by DALTON WADE INC | $564,900 | |
| Listed by DALTON WADE INC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017