294 COSTA DEL SOL Drive
About This Property
Built for entertaining both indoors & out, this six-bedroom, four-bath pool home offers an ideal open-concept floor plan, complete with a three-car garage and a horseshoe pavered driveway.
Inside finds a spacious living room showcasing a soaring 20-foot ceiling with second-story transom windows, a collapsing pocket slider wall, and a floor-to-ceiling brick fireplace flanked by built-ins.
The chef's kitchen showcases stacked cabinetry, quartz countertops, a gas cooktop, a commercial refrigerator, a center island with farm sink, & a separate dry bar.
An eye-catching paneled stairway leads up to the spacious second-floor loft overlooking the family room. Upstairs also finds three additional bedrooms, two full baths, and a flex space perfect for a small study, homework station, or craft room.
Downstairs hosts two additional bedrooms, the primary suite, and a media room, which could also double as a home gym.
Luxury finishes run throughout, like continuous hardwood flooring, smooth walls and ceilings, 8-foot doors, wood paneling, shiplap, and plantation shutters, to name only a few.
Doors open off of the family room, dining room, and primary bedroom, to the covered screen lanai, where you'll find a heated saltwater pool with a sun shelf, outdoor summer kitchen with bar top and a spacious seating area with a gas fire table.
The side yard finds a separate open patio with a wood-burning fire pit.
Located within the gates of Palencia, you have access to world-class amenities and everyday conveniences like a grocery store, Starbucks, and an A-rated elementary school, all within the neighborhood. Residents enjoy a fitness center, three community pools, lighted Clay tennis courts, Pickleball courts, sports fields, and fitness trails, plus a boardwalk leading to the Intracoastal. This is the perfect place to call home.
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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 |
|---|---|---|---|
| Nov 9, 2023 | Listed by EXP REALTY LLC | $1,585,000 | |
| Listed by EXP REALTY LLC | |||
| Sep 9, 2020 | Sold | ||
| Sold | |||
| Oct 25, 2019 | Listed by EXP REALTY LLC | $849,900 | |
| Listed by EXP REALTY LLC | |||
| Jul 13, 2018 | Listed by eXp REALTY LLC | $889,000 | |
| Listed by eXp REALTY LLC | |||
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Why wait to build when you can move right into this almost new stunning low country home located in the prestigious Costa Del Sol Section of Palencia. Home has many upgrades including warm hardwood floors, cozy fireplace, custom lighting, gourmet kitchen outdoor kitchen, and more. Enjoy sunsets from the outdoor entertaining areas while lounging in the salt water pool. Night times provide tranquil moments by the gas fire pit. Home sits on an oversized lot with current views of golf course and Intracoastal waterway.
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| Sep 8, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017