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2946 Payson 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 8, 2026 | Listed by Keller Williams Realty Jupiter | $1,275,000 | |
| Listed by Keller Williams Realty Jupiter | |||
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Welcome to 2946 Payson Way, a stunning lakefront home located in the prestigious Payson village of Olympia. Built in 2013 and offering more than 4,000 square feet of living space, this impressive home features five bedrooms, four-and-a-half bathrooms, a den, a three-car garage, extended driveway, full-impact windows and doors, exceptional curb appeal with lush landscaping. One of the most distinctive features of this floor plan is the private space at the front of the home, complete with a bedroom,full bathroom,den and its own front porch; ideal for multigenerational living, extended-stay guests or a private home office suite. The spacious kitchen is equipped with new Bosch appliances, expansive island and a large pantry, while plantation shutters add timeless style throughout the home. Upstairs, the oversized primary suite provides a peaceful retreat with a luxurious ensuite bathroom with plenty of room to unwind, 2 walk-in closets and its own private balcony overlooking the lake. Outdoors, your oasis awaits with a heated saltwater pool, sun shelf and spa overlooking gorgeous lake views. Start each morning watching the sunrise over the water and enjoy effortless indoor-outdoor living year-round. Additional conveniences include a generator hookup and an EV charging hookup. Olympia is one of Wellington's most sought-after gated communities, offering resort-style amenities that include a grand clubhouse, swimming pool, fitness center. Ask about a 1 year interest rate buydown!
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| Sep 4, 2026 | Price Decreased |
$1,275,000
↓ $50K
(3.8%) | |
| Price Decreased | |||
| Aug 17, 2026 | Listed by Keller Williams Realty Jupiter | $1,325,000 | |
| Listed by Keller Williams Realty Jupiter | |||
| Sep 20, 2013 | Sold | ||
| Sold | |||
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About Olympia
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$6,695 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017