5338 Falling Tree Lane
About This Property
Inside, you'll find an abundance of natural light courtesy of multiple skylights and soaring cathedral ceilings. The layout is both functional and elegant, featuring a separate formal living room and dining room right off the entry, adjacent to the kitchen for ease of entertaining. The updated kitchen boast granite countertops, a built-in refrigerator, double oven, 6 stove top, built-in microwave, ample cabinetry, and even a built-in wine rack. On the opposite side of the kitchen is an informal dining area that flows into a cozy family room complete with a brick fireplace, custom mantle, and built-in entertainment center. Two expansive sliding doors open to the stunning backyard, blurring the line between indoor and outdoor living. Throughout the home, windows are fitted with plantation shutters or tasteful window treatments, offering privacy, class and style.
The primary suite is generously sized, offering double closets, a large window, and a private en-suite bathroom that includes a soaking tub, private water closet, dual vanities with granite countertops, and an abundance of storage space. The updated hallway bathroom features a standalone shower and granite vanity.
The backyard is a true show stopper, an entertainer's paradise. Framed by mature palms and lush landscaping, the space features a sparkling pool with a rock waterfall and a spa. The backyard offers extensive outdoor lighting. An oversized covered patio sets the stage for unforgettable gatherings. Elevated steps above the pool lead to an open space ideal for events, parties, or the potential addition of another dwelling. Pavers surround a tranquil water fountain and is the perfect place to unwind.
Additional amenities include a dedicated laundry room that doubles as a mudroom with backyard access, central HVAC, and an attached three-car garage with pulldown attic storage. RV or boat parking is securely tucked behind a wrought iron gate, completing this home's impressive list of features. This is California living at its finest; single-story convenience, meticulous upkeep, and an outdoor space that's second to none.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 8, 2025 | Sold | ||
| Sold | |||
| Oct 25, 2025 | In contract | - | |
| In contract | |||
| Sep 10, 2025 | Price Decreased |
$1,130,000
↓ $69K
(5.7%) | |
| Price Decreased | |||
| Aug 15, 2025 | Price Decreased |
$1,198,800
↓ $46K
(3.7%) | |
| Price Decreased | |||
| Jul 18, 2025 | Listed by CENTURY 21 CITRUS REALTY INC | $1,245,000 | |
| Listed by CENTURY 21 CITRUS REALTY INC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017