341 VALE Drive
About This Property
Located at the end of Vale Drive, in the prestigious golf community of Palencia, this custom-built Dostie home offers luxury and exceptional community amenities. Featuring 4 bedrooms, 3.5 baths, a dedicated office, media room that could serve as a 5th bedroom, oversized laundry room, and a 4-car garage, this home was designed with both functionality and style in mind.
Inside, you'll find coffered ceilings, spacious living areas, and a gourmet kitchen with high-end appliances perfect for entertaining. Situated on a large private lot with plenty of room for a pool, the outdoor space offers both privacy and endless potential for creating your own backyard retreat.
Residents of Palencia enjoy access to an 18-hole Arthur Hills championship golf course, full-service fitness center, renowned tennis facilities, pickleball courts, three pools, parks, walking trails, and the scenic Tolomato River boardwalk
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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 |
|---|---|---|---|
| Aug 17, 2026 | Sold | ||
| Sold | |||
| Jul 19, 2026 | In contract | - | |
| In contract | |||
| Jul 15, 2026 | Price Decreased |
$1,170,000
↓ $10K
(0.9%) | |
| Price Decreased | |||
| May 27, 2026 | Price Decreased |
$1,180,000
↓ $70K
(5.6%) | |
| Price Decreased | |||
| May 15, 2026 | Listed by REALTY ONE GROUP ELEVATE | $1,250,000 | |
| Listed by REALTY ONE GROUP ELEVATE | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017