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4370 SHORECREST DRIVE
About This Property
What truly sets this property apart are the expensive improvements that have already been handled for you. The roof was replaced in October 2024, the water heater was replaced in 2025, and in 2026 the home received a new electrical panel along with updated service entrance wiring. For buyers concerned about the major items, this is a huge advantage and a real source of peace of mind.
Inside, you'll find real wood floors, abundant natural light, and a comfortable layout that feels warm and inviting from the moment you walk in. While the kitchen and bathroom have not been recently updated, the home is absolutely move-in ready and gives the next owner the opportunity to enjoy it immediately while still having room to personalize over time.
The lot is another standout feature. At 0.31 acres, the yard is exceptionally spacious for this area and offers a fully fenced backyard, a drive-through gate next to the carport for easy access, and plenty of room for expansion. Whether you envision adding more outdoor living space, expanding the home, or exploring future ADU potential, this property offers flexibility that is increasingly hard to find in a location like this.
Adding to the appeal, Biltmore Shores is not a required HOA community. Residents have the option to join the neighborhood club for less than $50 per year, which includes access to the community park on Little Lake Fairview. The location also places you close to College Park favorites like Dubsdread Golf Course, while Winter Park's Park Avenue offers boutiques, restaurants, museums, events, and Central Park just minutes away. The nearby Packing District continues to add green space, recreation, and lifestyle amenities to the area as well. Zoned for Killarney Elementary, College Park Middle, and Edgewater High School.
If you want a home with character, natural light, real wood floors, meaningful recent upgrades, and one of the best lot opportunities in this area, 4370 Shorecrest Dr deserves your attention.
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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 |
|---|---|---|---|
| Jul 20, 2026 | Sold | ||
| Sold | |||
| May 13, 2026 | In contract | - | |
| In contract | |||
| May 6, 2026 | Relisted | $289,000 | |
| Relisted | |||
| Apr 24, 2026 | In contract | - | |
| In contract | |||
| Mar 31, 2026 | Listed by CREEGAN GROUP | $289,000 | |
| Listed by CREEGAN GROUP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017