40208 Corte Lorca Road
About This Property
Pulling into the driveway, you'll immediately notice the mature shade tree and thoughtfully designed landscaping. Step through the gate and discover an expansive courtyard, perfect for get-togethers, barbecues, or creating your own outdoor sanctuary.
Through the charming double-door entry, an inviting foyer with a beautiful chandelier and accent tile welcomes you inside. The spacious living area features high ceilings, tile flooring, a fireplace, and abundant windows that fill the home with natural light.
Designed with entertaining in mind, the kitchen opens to the dining area and features plenty of cabinetry, granite countertops, stainless steel appliances, and a double sink. A sliding glass door provides easy access to the patio for indoor/outdoor dining.
The home offers two generously sized primary suites plus a spacious third bedroom. The first-floor primary suite includes a private bathroom with dual vanity and walk-in shower. Upstairs, you'll find a versatile guest bedroom perfect for a home office or gym. The second primary suite features a private bathroom with dual vanity, walk-in shower, soaking tub, and a balcony perfect for relaxing and enjoying the view.
The backyard offers a covered patio, mature shade tree, grassy yard, and even room to practice your putting! Additional features include a tile roof, dual-pane windows, HVAC, indoor laundry room, and two-car garage.
Enjoy true resort-style living at The Colony! Community amenities include a clubhouse, year-round pool, two spas, lighted pickleball/paddle tennis and tennis courts, fitness center, library, ping-pong, billiards, and an on-site hair and nail salon. The auditorium hosts shows, dances, concerts, banquets, bingo, parties, movies, and more! The HOA also waters and maintains the front landscaping.
From its desirable cul-de-sac location to its spacious interior and incredible community amenities, this home offers a wonderful opportunity to enjoy The Colony lifestyle. Call today for your private showing before this one is gone!
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | Listed by Cherie Miller & Associates | $599,999 | |
| Listed by Cherie Miller & Associates | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017