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601 Carica Road
About This Property
The luxurious master suite overlooks the pool and gardens, offering a private covered lanai, morning bar with sink and under counter beverage center, elegant vanities, quartz countertops, a freestanding soaking tub, large walk in shower, dual Toto automated toilets, and expansive his and her walk in closets with built ins, a laundry tower, and smart steam closet system. Additional upgrades include Andersen Series 400 impact resistant windows and doors, recessed LED lighting, designer interior and exterior lighting fixtures, an advanced wiring package with automated lighting controls, a whole house generator, and professionally designed landscape lighting. Energy efficient features include Icynene spray foam insulation, sound batt insulation, high efficiency HVAC systems with dehumidification, tankless gas water heaters with recirculation pumps, and a 1,000 gallon propane tank. The home is is fully furnished with designer furnishings by award winning Tye Interior Design.
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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 |
|---|---|---|---|
| Feb 11, 2026 | Listed by McGarvey Realty Group, LLC | $11,795,000 | |
| Listed by McGarvey Realty Group, LLC | |||
| Apr 30, 2025 | Sold | ||
| Sold | |||
| Dec 6, 2024 | Listed by John R Wood Properties | $3,600,000 | |
| Listed by John R Wood Properties | |||
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Rarely available 3/2 home in desirable Pine Ridge Estates on beautifully landscaped 1.24 acres. This home has an updated kitchen and a newer metal roof along with circle driveway and a separate outbuilding that houses the water equipment. New buyers can remodel this charming home or start over and build their dream home in quiet and peaceful location of Pine Ridge. Pine Ridge Estates is a special and unique community conveniently located just a short drive to Mercato, Waterside Shops, Ritz Carlton, many restaurants and high-end shops and close to Naples finest beaches.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017