295 PALOMAR Drive
About This Property
Significant owner upgrades include a fully fenced backyard, extended concrete patio, screened lanai, screened front entry, custom landscape retaining wall, exterior lighting, French drains with improved downspout drainage, water softener, UV water purification system, ADT security system with cameras, electronic smart locks, upgraded ceiling fans throughout, laundry room utility sink, additional storage solutions, overhead garage storage, finished garage floor, and an extended paver driveway. The air conditioning unit has also been thoughtfully relocated to maximize usable outdoor living space. Better than new and loaded with thoughtful upgrades, this beautifully maintained 2025 home in Rivertown Ravines offers the perfect combination of modern construction and extensive owner enhancements. Featuring 3 bedrooms, 2 bathrooms, and over 2,100 square feet of thoughtfully designed living space, this home is truly move-in ready.
The open-concept floor plan is ideal for both everyday living and entertaining, while numerous post-closing upgrades provide exceptional value. Exterior improvements include a fully fenced backyard, extended concrete driveway, extended concrete patio, custom backyard sitting area with retaining wall, professional landscaping, exterior lighting, French drains with improved downspout drainage, and attractive plantation shutters that enhance the home's curb appeal.
Additional upgrades include a whole-house water softener, UV air handler, ADT security system with cameras, electronic smart locks, upgraded ceiling fans throughout, utility sink in the laundry room, additional storage solutions, overhead garage storage, finished garage floor, and improved condensate line routing.
The spacious kitchen flows seamlessly into the main living and dining areas, while the private owner's suite offers a relaxing retreat. Every improvement has been carefully selected to enhance comfort, functionality, and long-term value.
Located in the highly sought-after Rivertown community, residents enjoy access to resort-style amenities including pools, fitness center, walking and biking trails, parks, playgrounds, and more. Conveniently located near shopping, dining, and major commuter routes, this home offers an exceptional lifestyle in one of St. Johns County's premier master-planned communities.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017