27092 FORMOSA DRIVE
About This Property
This exquisite single-story residence, part of the esteemed Renaissance Home Series, exemplifies luxury living with meticulously designed spaces that blend sophistication and comfort. From the moment you step onto the covered front patio and through the grand entrance, you are welcomed by an ambiance of timeless elegance. Towering 9'4" ceilings and refined tray ceilings enhance the architectural beauty, creating an open and airy atmosphere that exudes style and warmth.
Step into a spacious foyer that effortlessly transitions into the expansive great room, where natural light pours in through large energy-efficient, low-emissive windows, creating a warm and inviting ambiance perfect for gatherings with family and friends. Throughout the main living areas, durable and stylish Ceramic Plank Tile flooring adds both beauty and practicality, while plush carpeting in the bedrooms enhances comfort.
An elegant formal dining room offers a refined space for entertaining, while the large screened lanai, just off the great room, extends your living space outdoors-ideal for embracing Florida's beautiful weather. The gourmet kitchen is a chef's dream, featuring gleaming granite countertops, top-of-the-line appliances, and modern soft-close cabinetry. A central island provides the perfect setting for culinary creations, while a conveniently tucked-away walk-in laundry room, complete with additional cabinetry, and a spacious pantry enhance everyday functionality.
The luxurious master suite serves as a private retreat, boasting a spa-like walk-in tiled shower for ultimate relaxation. Thoughtfully designed for both comfort and resilience, this home includes architectural shingles for durability, hurricane shutters for added peace of mind, and energy-efficient construction to maximize savings. A full builder warranty ensures confidence in your investment. Each bedroom is carefully crafted to provide ample space, comfort, and style, completing the perfect blend of luxury and functionality.
Discover modern living at its finest in The Naples-a home designed to exceed expectations in every way.
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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 |
|---|---|---|---|
| Sep 30, 2025 | Sold | ||
| Sold | |||
| Apr 27, 2025 | In contract | - | |
| In contract | |||
| Jan 27, 2025 | Price Decreased |
$429,900
↓ $30K
(6.5%) | |
| Price Decreased | |||
| Dec 31, 2024 | Price Increased |
$459,900
↑ $3K
(0.7%) | |
| Price Increased | |||
| Dec 10, 2024 | Price Increased |
$456,900
↑ $2K
(0.4%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017