332 VALE Drive
About This Property
Designed for year-round indoor/outdoor living and entertaining, a sliding glass wall opens to a covered screened lanai and grilling patio, surrounding a saltwater pool and a 5-hole putting green. The fully fenced turf backyard offers complete privacy, bordered by towering oaks and tropical palms.
The sought-after single-story layout offers a bright, open floor plan with four bedrooms, a study, and three full baths. A stunning arched foyer with intricate floor-to-ceiling paneling leads into the family room, highlighted by wood beams, shiplap walls, and a gas fireplace flanked by built-ins.
The chef's kitchen boasts stacked cabinetry with slow-close drawer banks, pull-out shelving, quartz countertops, a wood hood, and a 9' island breakfast bar. Outfitted with Sub-Zero Wolf appliances, including a six-burner gas cooktop and a built-in Sub-Zero refrigerator, this kitchen is ideal for both cooking and hosting.
Elevated finishes are found around every corner, like smooth walls and ceilings, cased windows and 8' doors, continuous engineered hardwood flooring, custom closets & surround sound. Eye-catching details like wood beams, shiplap walls, decorative paneling & textured wallpaper are found throughout.
The walk-in laundry room offers upper and lower cabinetry, a folding counter, hanging space, a laundry sink & a cabinet tower for additional storage.
A shiplap hallway with built- in drop zones leads to the oversized 3-car garage, complete with epoxy flooring, a water softener, a well for irrigation, and wall systems for additional storage.
Located in the sought-after gated community of Palencia, offering access to world-class amenities, an A-rated Elementary school & a championship Arthur Hills designed golf course. Residents enjoy a fitness center, three community pools, lighted clay tennis & pickleball courts, sports fields, fitness trails, and a boardwalk leading to the Intracoastal.
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Cap Rate Calculator
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 24, 2024 | Sold | ||
| Sold | |||
| Aug 21, 2024 | In contract | - | |
| In contract | |||
| Aug 15, 2024 | Price Decreased |
$1,345,000
↓ $50K
(3.6%) | |
| Price Decreased | |||
| Aug 15, 2024 | Relisted | $1,395,000 | |
| Relisted | |||
| Aug 7, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017