421 HEATHER PARK Lane
About This Property
As you pass by the front courtyard, you are greeted by the sound of a gurgling fountain. You'll enter through an arched front doorway to views of a Spanish tiled fountain wall spillng over into the spool.
You'll enjoy private preserve and lake views from the entire length of the back of the home.
There are thoughtful design details in every room, like grasscloth wallpaper, hidden storage doors, wood paneling, built-in bookcases, California Closets, and even a Murphy bed . The knotty alder interior doors are trimmed with intricate wood casings, abutting decorative baseboards throughout.
The kitchen is complete with a Dacor induction cooktop, double ovens, and a wood hood... The custom cherry cabinets are soft-close, designed with walnut drawer inserts to store everything in an organized fashion. The raised wrap-around breakfast bar seats many, and there's a sunny dining nook with a built-in banquette offering additional storage underneath.
The oversized laundry room feels like a butler's pantry with walls of custom cabinetry and ample storage throughout.
Sliding doors open off the family room to a covered, screened lanai overlooking the pond and preserve. The lanai has a wood-burning fireplace and an 8 x 10 jetted saltwater spool with a bench surround.
Meticulously maintained and move-in ready, this home is one you won't want to miss.
Located within the gates of Palencia, you have access to world-class amenities and everyday conveniences like a grocery store, Starbucks, and an A-rated elementary school. Residents enjoy a fitness center, three community pools, lighted clay tennis courts, pickleball courts, sports fields, and fitness trails, plus a boardwalk leading to the Intracoastal.
Showings will begin Friday, Dec 13th.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017