16511 CORNWALL LANE
About This Property
Built by Neal Signature Homes offering 3,002 square feet of open one-story open living with a welcoming front entry and an expanded lanai with a panoramic clear view screen, abundant open and under cover spaces, travertine decking, full summer kitchen, PebbleTec heated saltwater pool and large spa and a putting green. Seamlessly connecting this resort-styled lanai to the oversized great room and dining area are impact glass doors that reveal a large open living concept with sumptuous engineered wood flooring, voluminous crowned tray ceilings with accent lighting, and a built-in credenza with ample storage that beautifully anchors the space.
Meanwhile chefs will rejoice in the gourmet kitchen spectacularly appointed with custom wood cabinetry with dovetail soft-close drawers, high end appliances, sprawling quartz counters and island, designer backsplash, pot filler, custom range hood, microwave drawer, double ovens, 6 burner cooktop with griddle, and a large pantry with custom shelving. Behind double French doors off the great room and lanai is an inviting bonus room with impact glass sliders and windows positioned off the home's fourth full bath. Additionally the residence also boasts a large den also with double-entry doors accentuated with a large feature wall of built-ins, wood flooring and engulfed with windows.
Relax and unwind in the elegant owner's retreat positioned on its own wing, offering two customized walk-in closets, and a luxuriously appointed spa-like bath with separate sink vanity stations, invigorating shower, soaking tub and separate water closet. Meanwhile, overnight visitors will be right at home in two generously sized guest suites, one with a private ensuite full bath, while the other has its own separate full bath access.
Other highlights of this 4,377 total square foot three bedroom and four full bath residence includes generator, all impact windows and doors, built-in drop zone off the garage, laundry room with cabinetry, and sink, and an oversized 3 car garage with two electric car charging stations. Country Club East provides its residents with the privacy of gated-community living, three community pools, fitness center and easy accessibility to world-class shopping, dining, medical facilities & I-75, for an unparalleled lifestyle defined by relaxation & recreation. Residents also have the non-mandatory option to become members of the Lakewood Ranch Golf and Country Club, which offers four championship golf courses, two clubhouses, tennis, pickleball, fitness center, heated pools, full social calendar and so much more.
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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%.
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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 4, 2025 | Sold | ||
| Sold | |||
| Jul 9, 2025 | In contract | - | |
| In contract | |||
| Jun 26, 2025 | Listed by MICHAEL SAUNDERS & COMPANY | $1,450,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| May 10, 2025 | Price Decreased |
$1,450,000
↓ $100K
(6.5%) | |
| Price Decreased | |||
| Apr 8, 2025 | Relisted | $1,550,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017