33
Map
438 Carmel Drive
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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.
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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 |
|---|---|---|---|
| May 21, 2026 | Sold | ||
| Sold | |||
| Apr 12, 2026 | In contract | - | |
| In contract | |||
| Apr 11, 2026 | Relisted | $387,000 | |
| Relisted | |||
| Apr 3, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Listed by Coldwell Banker Realty | $479,999 | |
| Listed by Coldwell Banker Realty | |||
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Elegantly updated lakefront pool home in desirable Sun Tree offering privacy, style, and effortless Florida living. Unwind in your private screened solar-heated saltwater pool while enjoying tranquil lake and preserve views--perfect for breathtaking sunsets and peaceful outdoor relaxation. Inside, soaring ceilings, abundant natural light, fresh neutral paint, and beautiful wood-plank tile flooring create a warm, inviting atmosphere. The upgraded kitchen features custom cabinetry with pull-out shelving, elegant countertops, brand-new appliances, and a gas range ideal for home chefs. The spacious primary suite offers direct pool access and a beautifully updated bath with dual vanities, soaking tub, and large walk-in closet. Additional highlights include a 2-car garage, newer A/C, new water heater, a 3-camera exterior security system, and HOA maintenance covering lawn care, pest, exterior painting, and tile roof cleaning-making this move-in ready lakefront retreat truly exceptional. 🌅🏡
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About Mission Lakes Villas
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017