7240 Lemon Grass Dr
About This Property
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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 |
|---|---|---|---|
| May 2, 2025 | Price Decreased |
$2,899,000
↓ $90K
(3%) | |
| Price Decreased | |||
| Apr 4, 2025 | Listed | $2,989,000 | |
| Listed | |||
| | |||
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Discover a rare opportunity in the exclusive community of Parkland Golf & Country Club. This exquisite luxurious estate hosts 6 bedrooms, 5/2 baths & office, overlooks the rolling 4th fairway & tranquil waters. From the moment you enter this contemporary mini mansion you will be captivated by the flawless design & attention to detail throughout. An expansive living room, custom bar & formal dining room w soaring ceilings, create an elegant yet
inviting ambiance. Ceiling to floor glass overlooking the newer saltwater heated pool, spa & patio w private cabana bath, perfect for entertaining. Custom designed kitchen flows seamlessly into the family room and breakfast area, beautiful and functional.A true centerpiece, over $700,000 in magnificent upgrades impact windows & doors.
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| Sep 29, 2020 | Sold | ||
| Sold | |||
| Jul 17, 2020 | Listed by RE/MAX Advisors | $1,624,000 | |
| Listed by RE/MAX Advisors | |||
| Apr 21, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017