535 VALLEY STREAM DRIVE
About This Property
The property comprises of three distinct buildings totaling nearly 4,700 square feet and offers 5+ bedrooms and 6 bathrooms. The main house is a charming two-story residence with the master suite on the first floor, alongside a spacious office, formal dining room, family room, and 1.5 baths. The second floor includes three additional bedrooms and two full baths, and a ton of storage perfect for family or guests. Throughout the home, French doors and hardwood flooring enhance the timeless charm. The second building is a fully equipped guest house-ideal for in-laws or out-of-town visitors. It features a full kitchen, 1 bedroom, 1.5 bathrooms, a game room, and a 3-car BLOCK garage, providing both comfort and privacy. The third building is a versatile 14x20 shed that was installed in 2020. Professionally installed with straps to the ground and spray foam insulation and contains a split A/C unit, perfect for an office, craft room, or additional workspace. The home's updates and features are extensive, ensuring comfort and peace of mind: PGT High-Impact Hurricane windows throughout. Freshly painted inside and out.
Repiped in 2020 for long-lasting reliability. Gas appliances: stoves, tankless hot water heater, spa, and fireplace.Roof (2011) and four A/C units (2023, 2021, 2017, 2007).Whole-house generator hookup. EV charging outlet for electric vehicles. Water Softener. New filter and salt system for pool. Three separate septic systems, all pumped in 2022. 2 paved driveways wind through majestic oak trees, leading to this tranquil oasis with breathtaking water views. The oversized screened-in lanai, complete with a pool and spa, offers a perfect space for relaxation or entertaining. Additionally, the property includes two separate garages with space for five cars or recreational toys, blending practicality with luxury. The welcoming front porch, adorned with large windows and classic shutters, invites you to unwind and enjoy the peaceful surroundings. Relax under the stars and Watch Cape Canaveral Rocket Launches from your backyard. Inside, modern conveniences complement the rustic charm, making this farmhouse the perfect blend of comfort and elegance. This isn't just a home-it's a lifestyle. Don't miss your opportunity to be part of this idyllic community.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 24, 2025 | Sold | ||
| Sold | |||
| Aug 9, 2025 | In contract | - | |
| In contract | |||
| Jul 6, 2025 | Price Decreased |
$1,150,000
↓ $100K
(8%) | |
| Price Decreased | |||
| Feb 5, 2025 | Price Decreased |
$1,250,000
↓ $50K
(3.9%) | |
| Price Decreased | |||
| Dec 1, 2024 | Listed by ENGEL & VOLKERS NEW SMYRNA | $1,300,000 | |
| Listed by ENGEL & VOLKERS NEW SMYRNA | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017