42314 Lake Timber Drive
About This Property
exposure. Enjoy the covered front porch or screened lanai. An extra-long paver driveway is bordered by
refreshed landscaping with nine new trees, a privacy hedge, French drains and upgraded irrigation.
The remodeled kitchen opens to the great room and extends into the breakfast nook, with room to cook and
gather. It features custom Amish-made elm cabinet doors and drawer fronts ordered from Ohio,
soft-close cabinetry, quartz counters, tile backsplash and island shiplap. Lower cabinets have
convenient roll-out shelves. A 36-inch Wolf gas cooktop is paired with a wall-mounted pot filler.
Appliances include a GE Profile wall oven and microwave/convection oven, Bosch refrigerator and
dishwasher. A beverage refrigerator, undermount sink with drinking-water filtration, and walk-in
pantry with new doors, custom shelves and drawers complete the space.
Three bedrooms, two full baths and a separate den offer room for guests, work, reading or hobbies. The
remodeled primary bath has new vanities and sinks, quartz counters, a new toilet, updated faucets,
shower fixtures and towel bars, plus an upgraded tile shower with heavy-duty frameless-glass door.
The second bath was also remodeled, with a new vanity and quartz counter, sink, toilet, shower, fixtures,
towel bars and frameless-glass door. Bedroom closets have custom shelves, drawers and hampers.
The separate laundry room has soft-close cabinets, a quartz counter, its own sink and a high-capacity LG
washer and dryer. The nearby drop zone, between the garage entry and laundry, adds more soft-close
cabinets and drawers with a quartz work surface.
Engineered hardwood runs throughout except in the bathrooms and laundry room. Crown molding and
wide baseboards run throughout, with plantation shutters, new door hardware, light fixtures and ceiling
fans. Interior paint is about 3.5 years old; exterior paint is about three years old. Both the indoor and
outdoor Trane HVAC components were replaced. The system has a UV light and Air Knight, and the
home also has a water softener and tankless water heater. Impact windows were installed in 2024 where
roll-down shutters do not cover the openings. The front door has impact glass, and the lanai has electric
aluminum roll-down shutters.
The three-car garage has decorative flake-epoxy flooring, mini-split A/C, an insulated attic, new attic
stairs and new garage door openers. The great room has multiple in-ceiling home-theater speakers, and
there is a wall safe. Lake Timber's resident-only Lodge, zero-entry pool, cabanas, screened porch and gathering spaces are
within walking distance. The neighborhood also has a playground, lakeside fishing dock and paved walking
and biking path. Near Babcock Ranch's main entrance, enjoy easy access to shops and restaurants, parks,
trails, lakes and community events in America's first solar-powered town.
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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 15, 2026 | In contract | - | |
| In contract | |||
| Oct 9, 2026 | Listed by DomainRealty.com LLC | $699,000 | |
| Listed by DomainRealty.com LLC | |||
| Dec 5, 2022 | Sold | ||
| Sold | |||
| Dec 3, 2022 | No longer available | - | |
| No longer available | |||
| Sep 25, 2022 | In contract | - | |
| In contract | |||
Property Highlights
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About Charlotte
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017