21175 Falls Ridge Way
About This Property
Entering the estate home, you are greeted by soaring ceilings and meticulously crafted crown molding that adorns every room. The dining room and master bedroom feature beautifully decorated trey ceilings. Situated on an expansive 1/3 of an acre corner lot, you are provided with a generous amount of space to make this home your own! The designer kitchen is an upscale focal point, showcasing white cabinetry, stainless steel appliances, and stunning granite countertops with matching backsplash. There are 56 strategically placed high hats illuminating the interiors and the master bathroom has been completely renovated into a spa-like retreat (the oversized master bedroom also features sliding glass doors that open to the pool).
The 500 Sqft newly renovated swimming pool features a waterfall, Lion's Heads with water spouts, bench seats with jet water spouts, and a rare "deep end." The pool is complemented by both new Diamond Brite and upgraded pool tiles. The new 1300 Sqft Euro tile deck provides a perfect setting for outdoor gatherings, basking in sunlight throughout the day and offering exceptional privacy with lush landscaping. The upgraded screen enclosure over the entire pool and deck areas ensures safety and is an ideal setting for outdoor gatherings.
The estate home's comfort is further enhanced by a new 5-ton Carrier AC unit, accompanied by a newer 3 ton unit. Excellent storm protection, high impact garage doors, and a new upgraded irrigation system contribute to the home's overall excellence.
Boca Falls is a pet and family friendly community, secured by two 24/7 manned-gates, with low HOA fees that include cable and internet, tennis, pickleball and basketball courts, a resort-style heated pool, fitness center, clubhouse, covered playground, and much more. All A+ rated public schools are all located within a mile. Waters Edge Elementary has private gate access directly into Boca Falls! South County Regional Park is across the street with many great amenities, including the award winning Osprey Point public golf course, the Coconut Cove Water Park, and the Sunset Cove Amphitheater.
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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.
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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 17, 2024 | Sold | ||
| Sold | |||
| Apr 20, 2024 | Listed by Coldwell Banker Premium Realty | $1,289,000 | |
| Listed by Coldwell Banker Premium Realty | |||
| Apr 19, 2024 | No longer available | - | |
| No longer available | |||
| Mar 6, 2024 | Listed by Exp Realty LLC | $1,340,000 | |
| Listed by Exp Realty LLC | |||
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Welcome to The Estates at Boca Falls, with close to 3,900 living square feet, this home has the largest single story, split bedroom floor plan in Boca Falls with 6 bedrooms, 4.5 bathrooms, and a three-car garage. Meticulous architectural details add character such as lighting placements, trey ceilings and designated living and dining areas creating a warm and inviting ambiance. This home is situated on one of the largest corner lots with a third of an acre. A large screened in pool allows for an ideal indoor/outdoor living space. An oversized primary bedroom has sliding glass doors leading to the pool and the ensuite bathroom was recently renovated into a spa-like retreat. Excellent storm protection. The community is secured by two 24/7 manned-gates and offers incredible amenities The manager has listed the unit size as 3810 square feet.
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| Oct 1, 1998 | Sold | ||
| Sold | |||
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About Boca Falls
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017