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3055 SPIRO Circle
About This Property
While the interior is stunning, the backyard is an absolute showstopper. Overlooking a serene preserve view, the owners have created a private, resort-style sanctuary. The centerpiece is a gorgeous one-year-old pool and spa surrounded by elegant new travertine marble hardscaping. A massive covered lanai provides the perfect shaded retreat and is already roughed-in with utilities for your dream outdoor kitchen. For ultimate convenience, there is a dedicated pool half-bath complete with its own HVAC, while brand-new fencing ensures complete privacy for your outdoor oasis.
The hidden value in this home is staggering. The property features two A/C units with Nest thermostats, dual gas tankless water heaters, and upgraded light fixtures and ceiling fans throughout. Both garage spaces boast durable Shark Coating, a stainless steel utility sink, and a convenient main water shut-off valve. The laundry room is plumbed for both gas and 240v, and the home is pre-plumbed for a whole-house water filter and softener. Exterior upgrades include buried PVC pipes under the driveway and sidewalk for easy landscape lighting installation, plus thoughtfully placed electrical outlets in the soffits.
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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 |
|---|---|---|---|
| Jul 1, 2026 | Sold | ||
| Sold | |||
| Apr 18, 2026 | In contract | - | |
| In contract | |||
| Apr 1, 2026 | Listed by COMPASS FLORIDA LLC | $1,759,000 | |
| Listed by COMPASS FLORIDA LLC | |||
| Jun 28, 2024 | Sold | ||
| Sold | |||
| Feb 5, 2024 | Listed by ICI SELECT REALTY, INC. | $1,298,115 | |
| Listed by ICI SELECT REALTY, INC. | |||
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Enter this spacious two-story home through the beautiful covered entry way and into the welcoming foyer. The cathedral ceilings in the living room complement the open floor plan. Adding to the quality of your comfort, the covered lanai provides plenty of space for all types of entertainment! Separated from all the other rooms, the master suite comes complete with his-and-her walk-in closets while the master bath includes a lavish bath, an enclosed shower, and separate vanities.
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Property Highlights
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Status
Price/ft²
Listed On
Sold On
About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017