2281 LAKE ARBOR BOULEVARD
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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.
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 29, 2025 | Sold | ||
| Sold | |||
| Sep 23, 2025 | In contract | - | |
| In contract | |||
| Sep 2, 2025 | Listed | $310,000 | |
| Listed | |||
| | |||
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Welcome to effortless living in the heart of Clearwater, Florida. 2281 Lake Arbor Blvd is a single story, end unit villa with covered parking, updated and move-in ready, nestled in the desirable, pet friendly Villas of Lake Arbor—a serene and meticulously landscaped 55+ community with LOW HOA fees and solid reserves. The living area features soaring ceilings and a cheerful ambiance, ideal for both relaxing and entertaining. The primary suite is a peaceful retreat with a walk-in closet and a renovated, oversized shower with modern lighting. Bright Florida room with climate control and an expansive private patio are perfect for enjoying Florida's sunshine. For quiet evenings, unwind on the 22-foot screened porch with a hot tub, surrounded by lush landscaping that offers ultimate privacy. The updated kitchen is a culinary delight, boasting sleek soft-close cabinetry, granite countertops, and ample prep space. It’s equipped with modern appliances. The inside laundry room comes with a newer washer and dryer for added convenience. Additional upgrades include hurricane-rated windows and doors, newer ICP air conditioning system with Reme Halo air purification and exterior dusk-to-dawn lighting for added safety. Zone X – No flood insurance required, no evacuation zone and no history of storm damage! Community amenities elevate your lifestyle with a lakefront heated pool, clubhouse, outdoor cooking area, fishing dock, kayak storage, and exotic mature landscaping. Monthly HOA dues cover cable, internet, trash, road maintenance, grounds care, and pool access—ensuring a truly maintenance-free experience.
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| Aug 1, 2025 | Price Decreased |
$310,000
↓ $25K
(7.5%) | |
| Price Decreased | |||
| Jan 3, 2025 | Listed by HOMEFRONT REALTY | $335,000 | |
| Listed by HOMEFRONT REALTY | |||
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About Villas of Lake Arbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017