2238 SANIBEL DRIVE
About This Property
This home is filled with thoughtful upgrades and modern touches: a 2023 new roof, 2019 HVAC with damper system, 2021 full kitchen renovation with custom cabinets, backsplash, marble countertops, and all new appliances. The main level was transformed into an open-concept living area featuring a stunning marble Ledgestone fireplace with a Heatilator design for added warmth and efficiency.
Outdoor enhancements include a screened porch (2008), vinyl siding and windows (2007), a 36" Fieldstone retaining wall (2016), front deck expansion and paver walkway (2018), and a fully fenced backyard with a portico paver patio (2020). Natural light fills the kitchen thanks to the bay window addition in 2010.
Located in the Reston Association-one of the most established planned communities in the U.S.-you'll enjoy access to 15 pools, 54 tennis courts, 55 miles of paved trails, ballfields, playgrounds, picnic areas, sport courts, and more. Super close to Reston Town Center and the Reston Metro Station via nearby trails along with concerts, restaurants, and shops just minutes away. The neighborhood features its own playground and direct trail access to the local elementary school.
This is Reston living at its best-don't miss your chance to call this one-of-a-kind home yours!
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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 |
|---|---|---|---|
| Jun 23, 2025 | Sold | ||
| Sold | |||
| May 25, 2025 | In contract | - | |
| In contract | |||
| May 21, 2025 | Price Decreased |
$699,999
↓ $25K
(3.5%) | |
| Price Decreased | |||
| May 9, 2025 | Listed by Long & Foster Real Estate, Inc. | $725,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Dec 23, 2008 | Sold | ||
| Sold | |||
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About Reston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017