422 Palo Verde Drive
About This Property
With an open floor plan, covered lanai and screened in pool deck owners enjoy both indoor and outdoor living.
Custom built and full of distinct upgrades ... 12 ft. ceilings, 8 ft. doors, crown molding and tray ceiling in the living room with accent lighting. Large tile floors are found throughout main living areas with wood floor in den. Kitchen boasts upgraded cabinetry, stainless steel appliances, under cabinet lighting, tiled backsplash and pantry. Walk in laundry room has added storage cabinets, utility sink and folding area.
Den off main living area has custom built ins and can be used as office or third bedroom when needed.
Spacious primary bedroom has tray ceiling with accent lighting, sitting area, 2 walk-in custom built closets and wrap around windows that look out to screened lanai and pool. Primary bath with dual sinks, large walk-in shower, garden tub and separate water closet. Guest bedroom has siting area and large closet with shelving.
Main living room is open to dining room. Glass slider across back of living room open to covered lanai, pool and lake view. Electric hurricane shutters protect back covered lanai area while impact resistant hurricane windows protect the remainder of home. Meticulously maintained and offered turnkey this home is ready for new owners to immediately start enjoying. Perfect for year round or seasonal living.
Membership to the Vineyards Country Club is optional and offers two 18-hole golf courses, beautifully updated clubhouse with indoor and outdoor dining options, resort style pools, lap pool, tiki bar, tennis, pickle ball, bocce and new wellness center with full service spa. Easy access to I-75, shopping, restaurants, hospitals and beach.
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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 |
|---|---|---|---|
| Apr 8, 2025 | Sold | ||
| Sold | |||
| Mar 12, 2025 | In contract | - | |
| In contract | |||
| Jan 27, 2025 | Price Decreased |
$900,000
↓ $75K
(7.7%) | |
| Price Decreased | |||
| Nov 7, 2024 | Listed by Berkshire Hathaway FL Realty | $975,000 | |
| Listed by Berkshire Hathaway FL Realty | |||
| May 30, 2024 | No longer available | - | |
| No longer available | |||
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About Urban Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017