5106 Lorraine ROAD
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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 |
|---|---|---|---|
| Jul 26, 2023 | Sold | ||
| Sold | |||
| Jun 19, 2023 | Listed by MICHAEL SAUNDERS & COMPANY | $4,245,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Mar 1, 2022 | No longer available | - | |
| No longer available | |||
| Feb 2, 2022 | Listed by RE/MAX ALLIANCE GROUP | $4,200,000 | |
| Listed by RE/MAX ALLIANCE GROUP | |||
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GATED PRIVATE ESTATE IN THE HEART OF LAKEWOOD RANCH. Enjoy riding your horse or ATV around this 13-acre estate where you will find an impressively updated manor, several paddocks for your animals (with a two-stall stable for horses), two ponds with fountains, a 40’-72’ pole barn (great for big boy toys or your RV and boat), but also virgin Florida landscape. Without deed restrictions, you’ll have freedom on your land, while being only minutes from fine dining, golfing, and shopping. Friends will want to be your sous chef in this renovated kitchen, featuring a custom designer island fit for prep and food presentation, beautiful quartz countertops, Viking 6-burner gas range, 72” Subzero Refrigerator/Freezer, and deluxe two drawer dishwasher. Franke and Kohler sinks make food prep fun with strainers, colanders, cutting boards, and knife holders. A massive pantry hides behind the kitchen wall. The family room has a gas fireplace and sliders out to the pool. In the dining room, the connoisseur will appreciate the climate-controlled wine room, as well as the adjacent butler’s bar with an icemaker, mini-fridge, and sink. The bright living room has space for your grand piano (and a string quartet) with soaring ceilings for great acoustics. The owner’s retreat features a gas fireplace, triple tray ceiling, updated bathroom with custom cabinetry and vanity station, and a shower big enough for two with new Brizo fixtures including slide bar, body sprays, and rain head. Soak the stress away in the oversized freestanding Kallista tub. Across the living space from the owner’s retreat, other family members can settle into 2 large bedrooms, 2 baths, one of which opens to the pool. The sizable laundry is filled with cabinet space for storage of occasional items. Stay fit in your day-light-filled exercise room big enough for all your equipment and a hired personal trainer. You’ll love the ease of wifi remote-controlled Hunter Douglas Silhouette window treatments and custom plantation shutters in other bedrooms, and custom wood blinds in office and breezeway. Flooring is Coretec Luxury Vinyl Tile throughout. Head upstairs and you’ll marvel at “Entertainment Central,” with bar (ice,dw,fridge,pantry), 4 station video bar for gaming, pool table, and theater room for movie night. The second floor also has 2 bedrooms, a full bath, a newly remodeled office, elevator entry, and balcony (w/firepit) that overlooks the pool. One look poolside and you’ll see the other favorite hang-out. The massive resort-style pool has a swim-up tiki bar, grand spa, and shallow areas for family fun, with heat pump and chiller combo, commercial gas heater, and LED lighting. A Mosquito-Joe system around the backyard/pool area sprays to control mosquitoes. The home boasts large garages, on one end is a 3-car garage, full bath, and an RV garage for your largest toys. The other side has a 4-car garage and a large storage area. The pole barn has enclosed workshop space and vehicle lift. Smarthome upgrades include property-wide WiFi, allowing phone or tablet control of the gate, garage doors, thermostats, and Ring camera system. Other new upgrades include tankless gas hot water heaters, Four ’21 Trane HVAC systems with hospital-grade filter systems, LED recessed lighting, wired smoke detectors, and fiber optic internet with new CAT6 switchers. Inside and out, you will be living the dream as this estate provides the opportunity to fulfill your work pursuits and leisure desires. The manager has listed the unit size as 7493 square feet.
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| Apr 27, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017