434 Palo Verde Drive
About This Property
Inside, the home offers an inviting blend of comfort and elegance, with thoughtful decorative details including coffered ceilings, crown molding, plantation shutters, custom mood and rope lighting, and tile flooring. The kitchen features GAS COOKING along with a newer refrigerator and dishwasher. A distinctive built-in wall provides a dedicated television area with glass display shelving, while the upgraded primary suite offers a comfortable retreat with generous closet space. One of the additional bedrooms is currently utilized as a home office, providing flexibility for today's lifestyle.
Outside, beautifully maintained tropical landscaping and a brick-paver driveway create an impressive first impression. The southern-facing lanai is an ideal place to relax, entertain, and enjoy the peaceful lake setting throughout the day.
Major improvements include a new roof completed in late 2019 and a new Trane air-conditioning system installed in late 2020 and GENERATOR with 500-gallon tank. The Palo Verde gate provides an additional layer of security and is locked overnight, beyond the Vineyards' manned gates.
Residents enjoy low community fees that include internet, television and phone service. Membership in the Vineyards Country Club is optional and offers an exceptional array of amenities, including two 18-hole golf courses, a remodeled clubhouse, tennis, pickleball, bocce and a recently completed 15,000-square-foot sports club.
Conveniently located with easy access to I-75, this home offers an appealing combination of privacy, comfort, beautiful lake views and the relaxed Naples lifestyle
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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 |
|---|---|---|---|
| Aug 10, 2026 | Listed by Serhant-Naples | $1,150,000 | |
| Listed by Serhant-Naples | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Aug 3, 2021 | Sold | ||
| Sold | |||
| May 29, 2021 | In contract | - | |
| In contract | |||
| May 14, 2021 | Listed by Serhant-Naples | $765,000 | |
| Listed by Serhant-Naples | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017