5240 ALLEMAN DRIVE
About This Property
Set on a spacious corner lot with NO HOA, the home is filled with architectural character, including refinished hardwood floors, arched doorways, soaring ceilings, crown molding, custom millwork and two wood-burning fireplaces. A circular driveway, stately columns and mature trees add to its classic curb appeal.
Inside, generous living and entertaining spaces include a formal living room with a wood-burning fireplace, a formal dining room, and a sunroom with a wet bar and two wine refrigerators. The upgraded kitchen features imported marble countertops, soft-close cabinetry and ZLINE stainless steel appliances, including a 36-inch dual-fuel six-burner range, pot filler and vent hood. A dedicated home office features custom oak built-ins.
Upstairs, the spacious primary suite features high ceilings and a second wood-burning fireplace with a beautiful, upgraded ensuite bath. While an adjoining bedroom with its own private bath offers flexibility as a dressing room, guest suite, second office or expanded primary retreat.
Outside, the pavered patio opens to an expansive, fully fenced backyard with room to entertain, garden or play, plus potential for a future pool and/or detached garage, subject to applicable zoning and permitting.
The detached guest house features an oversized living area, bedroom, upgraded bath and laundry hookups, making it ideal for multigenerational living, extended-stay guests or additional private space. An adjacent workshop and rare unfinished basement add even more flexibility.
Major improvements include a 2021 roof, 2021 dual-pane Low-E windows, 2019 main-house HVAC, complete repiping, tankless water heater and spray foam insulation. All just minutes from Downtown Orlando, Orlando International Airport, shopping and dining. Schedule your showing to see this historic home today!
(Please note: Picture 2 is an AI-generated image that illustrates a potential garage addition to the right side of the home for conceptual purposes only. Any addition is subject to applicable zoning and permitting requirements. Buyer to verify feasibility and required approvals.)
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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 |
|---|---|---|---|
| Oct 18, 2026 | Price Decreased |
$945,000
↓ $54K
(5.4%) | |
| Price Decreased | |||
| Sep 22, 2026 | Price Decreased |
$999,000
↓ $76K
(7.1%) | |
| Price Decreased | |||
| Aug 23, 2026 | Listed by MAINFRAME REAL ESTATE | $1,075,000 | |
| Listed by MAINFRAME REAL ESTATE | |||
| Jun 1, 2022 | Sold | ||
| Sold | |||
| Apr 28, 2022 | Listed by MAINFRAME REAL ESTATE | $900,000 | |
| Listed by MAINFRAME REAL ESTATE | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017