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4118 Raffia Drive
About This Property
Built in 2017, this spacious 5-bedroom plus loft, 3.5-bath residence offers over 3,000 square feet of open living space filled with natural light and desirable SOUTHERN LAKE VIEWS. One of the home's most impressive features is its over $150,000 investment in premium upgrades, including approximately $50,000 in IMPACT WINDOWS and doors and over $100,000 in an OWNED SOLAR ENERGY SYSTEM with three Tesla Powerwall batteries. This remarkable system keeps average electric bills around $50–$75 per month while providing whole-home backup power during outages for exceptional energy efficiency, savings, and peace of mind.
The open kitchen flows seamlessly into the main living areas, while a first-floor flex room with French doors and an upstairs loft provide flexible space for a home office, playroom, or guests. Plantation shutters, luxury vinyl plank flooring throughout the second floor, crown molding, tray ceilings, and numerous thoughtful updates reflect the exceptional care this home has received.
Step outside to your private screened lanai, where peaceful LAKE VIEWS and southern exposure create the perfect outdoor retreat. The SALTWATER POOL, Super Screen enclosure (2022), and removable child safety fence make this backyard ideal for entertaining or relaxing year-round.
Residents enjoy Raffia Preserve's resort-style clubhouse, fitness center, community pool, basketball court, playground, and beautifully landscaped streets. Conveniently located just minutes from Seed to Table, I-75, and Naples' premier shopping and dining, this home offers comfort, convenience, and lifestyle.
Move-in ready and loaded with upgrades rarely found together-including over $150,000 in impact-resistant glass and owned solar technology with three Tesla Powerwall batteries, southern lake exposure, and an exceptional location-this is a rare opportunity to own one of Raffia Preserve's most thoughtfully upgraded homes.
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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.
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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 2, 2026 | Relisted | $935,000 | |
| Relisted | |||
| Aug 14, 2026 | In contract | - | |
| In contract | |||
| Aug 3, 2026 | Price Decreased |
$935,000
↓ $40K
(4.1%) | |
| Price Decreased | |||
| Jul 21, 2026 | Price Decreased |
$975,000
↓ $24K
(2.4%) | |
| Price Decreased | |||
| Jun 26, 2026 | Price Decreased |
$998,500
↓ $27K
(2.6%) | |
| Price Decreased | |||
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About Urban Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017