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721 Paradise Cove
About This Property
The dream kitchen is built for hosting, featuring a wolf commercial stove, double refrigerators, separate steam oven, and warming drawer. The master retreat offers a serene sitting area, recessed ceiling, frameless shower, jetted tub, granite dual-sink vanity, abundant cabinetry, and two spacious walk-in closets.
Convenience abounds with dual laundry rooms on both floors, a downstairs guest suite, and two additional full baths upstairs. Enjoy rural tranquility where deer and other wild life abound. This location truly offers effortless access to town. An oversized game room crowns the porte-cochere, opening to an enclosed courtyard framed by dual garages with private entrances to the kitchen and mother-in-law suite. Roof was recently replaced class 4 impact resistant, huge INS discount.... 2 of the 3 AC-Heat units are new. Some rooms have fresh paint
and new outside doors.
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 8, 2026 | Price Decreased |
$1,350,000
↓ $25K
(1.8%) | |
| Price Decreased | |||
| Jul 6, 2026 | Price Decreased |
$1,375,000
↓ $25K
(1.8%) | |
| Price Decreased | |||
| May 23, 2026 | Listed by Marsha Hardin Real Estate LLC | $1,400,000 | |
| Listed by Marsha Hardin Real Estate LLC | |||
| Jun 26, 2023 | Sold | ||
| Sold | |||
| Jul 21, 2022 | Listed by United Real Estate | $1,250,000 | |
| Listed by United Real Estate | |||
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Stunning Lakefront Estate on Cul De Sac Lot in Cielo Ranch! Lush Landscaping and Mature Trees, Soaring Ceilings, Iron Spindle Staircase, Plantation Shutters and Wood Flooring Throughout. Open Concept Living Space with Loads of Natural Light. Views of Flagstone Terraced Patio and Beautiful Sunsets on Lake Lewisville.
Dream Kitchen Perfect for Hosting, Wolf Commercial Stove with Separate Steam Oven, Warming Drawer. Master Retreat w Sitting Area, Recessed Ceiling, Frameless Shower, Jetted Tub, Granite Counter w Dual Sinks, Ample Cabinet Space & Spacious Walkin Closet. Dual Laundry on First Floor and Second Floor, Second Downstairs Bedroom & Bathroom Suite and Two More Full Baths Upstairs. Impeccable Views w Rural Feel but Easy Access!
Oversized game room above porte-cochere entrance to enclosed courtyard faced by dual garages with private side entrances to kitchen and mother-in-law suite.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017