702 WOODVIEW WAY
About This Property
The owners have gone through the home top to bottom and made the updates that matter. Major improvements include a new roof, hurricane impact windows, a newly built saltwater pool, extended driveway with plenty of parking, detached garage for added flexibility, and an invisible fence already in place. It's the kind of property where you're not walking in and building a to-do list.
Inside, the updates continue. New flooring runs throughout the home, paired with a freshly painted interior that gives it a clean, move-in ready feel. The kitchen is the centerpiece and it's been done right. Dual quartz islands provide both workspace and gathering areas, complemented by premium wood cabinetry, stainless steel appliances, and a cabinet-depth refrigerator and freezer. The pot filler is a practical upgrade, and the dedicated coffee bar adds everyday convenience. Storage is a real strength here, highlighted by an oversized, unique pantry with additional built-ins and even a second refrigerator.
The layout offers space where it counts. Three guest bedrooms and two additional bathrooms give flexibility for family or visitors. A large den with barn-style doors works well as a home office, media room, or flex space depending on your needs.
The primary suite is spacious and well thought out, with three walk-in closets that solve the storage issue most homes have. The bathroom has been fully updated with dual sinks and a walk-in shower, keeping everything consistent with the rest of the home.
Out back is where this property really opens up. The large lanai overlooks the saltwater pool, and the outdoor fireplace creates a natural gathering spot for evenings or weekends. Between the pool, yard space, and privacy, it's set up for both entertaining and everyday use.
Mill Creek continues to stand out for buyers who want space without giving up convenience. Low HOA fees, no CDD, strong schools nearby, and easy access to everything around Lakewood Ranch, without being right on top of it.
Be sure to explore the virtual tour for a full 3D walkthrough.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017