2535 STARGRASS CIRCLE
About This Property
The mechanical integrity of the home is just as impressive as its design, anchored by a brand-new HVAC (2025) with a lifetime warranty, a tankless water heater, and a whole-house water softener system for ultimate peace of mind. Functional luxury continues in the 3-car tandem garage, which features high-durability epoxy floors and insulated doors, while a built-in Wi-Fi extender ensures seamless connectivity throughout the property. Beyond the interior, your private tropical oasis awaits; a screened lanai with a privacy screen opens to a lush landscape of palm and fruit trees. Whether you're hosting at the upgraded outdoor kitchen or enjoying the added security of integrated floodlights and gutters, every inch of this home has been curated for a lifestyle of unparalleled quality.
Life at Esplanade at Highland Ranch extends far beyond your front door, offering a resort-style experience centered around a well-appointed clubhouse designed for an active and social lifestyle. Residents enjoy access to a state-of-the-art fitness center, a multi-purpose room for gatherings, and dedicated spaces for cards and billiards. For relaxation, indulge in the on-site treatment room for massages or grab a morning cup of joe at the coffee bar. The outdoor amenities are equally spectacular, featuring a resort-style pool and spa, a resistance pool, and a cozy fire pit for evening conversations. Competitive spirits will thrive on the four pickleball courts, two bocce ball courts, and the tennis court, while those seeking serenity can explore the picturesque walking and biking trails, event lawn, and expansive park spaces that surround this premier active adult community.
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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 25, 2026 | Sold | ||
| Sold | |||
| May 30, 2026 | In contract | - | |
| In contract | |||
| May 21, 2026 | Price Decreased |
$745,000
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Apr 28, 2026 | Price Decreased |
$750,000
↓ $49K
(6.1%) | |
| Price Decreased | |||
| Feb 26, 2026 | Listed by REAL BROKER, LLC | $799,000 | |
| Listed by REAL BROKER, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017