266 SOPHIA Terrace
About This Property
Key Highlights:
Unrivaled Privacy: One of the most secluded lots in Palencia, featuring a fenced-in sparkling pool and expansive treed views.
Architectural Excellence: 12' to 14' ceilings throughout create an airy, grand atmosphere, complemented by concrete block construction with energy-efficient spray foam insulation.
Chef's Dream Kitchen: A massive center island serves as the heart of the home, featuring a reverse osmosis water system and a one-year-old commercial refrigerator.
Versatile Living: 4 bedrooms plus a dedicated home office with French doors. Includes a desirable main-floor in-law/guest suite with a private en-suite bath. Peace of Mind: Fully equipped with hurricane-grade windows and an over-sized garage and additional guest parking.
Experience the "Palencia Lifestyle" in a home that feels like a private retreat while having access to nearby resort style amenities.
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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 |
|---|---|---|---|
| Aug 23, 2026 | In contract | - | |
| In contract | |||
| Jul 4, 2026 | Price Decreased |
$1,125,000
↓ $55K
(4.7%) | |
| Price Decreased | |||
| Jun 1, 2026 | Price Decreased |
$1,180,000
↓ $19K
(1.6%) | |
| Price Decreased | |||
| May 18, 2026 | Price Decreased |
$1,199,000
↓ $81K
(6.3%) | |
| Price Decreased | |||
| Apr 24, 2026 | Listed by FLORIDA HOMES REALTY & MTG LLC | $1,280,000 | |
| Listed by FLORIDA HOMES REALTY & MTG LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017