700 VALENCIA ROAD
About This Property
Set on a large, beautifully landscaped, cypress wood fenced corner lot, the property provides privacy and space, while modern updates such as a newer roof and AC ensure comfort and efficiency. High vaulted ceilings and a wall of windows fill the home with natural light, creating an open and inviting ambiance.
The home boasts luxury features, including a whole-house generator with a buried gas tank, wood floors, and multiple built-ins. The outdoor area is a true oasis, featuring a large pool with a paver deck surrounded by lush landscaping.
Designed with thoughtfulness, the layout includes three bedrooms, each with a private bathroom, offering ultimate convenience. The split bedroom floor plan enhances privacy, while the large primary suite features a walk-in closet, shower, and relaxing jetted tub. The eat-in kitchen, family room, and separate living and dining rooms provide versatile spaces for living and entertaining.
Additional highlights include a spacious laundry room with a laundry sink, ample storage cabinets and the finishing touch, striking board and batten exterior! Partially furnished and meticulously maintained, this stunning home is ready for you to move in and begin enjoying the unparalleled Venice Island lifestyle!
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 |
|---|---|---|---|
| Mar 26, 2025 | Sold | ||
| Sold | |||
| Feb 18, 2025 | In contract | - | |
| In contract | |||
| Feb 14, 2025 | Price Decreased |
$1,650,000
↓ $200K
(10.8%) | |
| Price Decreased | |||
| Jan 22, 2025 | Listed by MICHAEL SAUNDERS & COMPANY | $1,850,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017