7426 Floranada Way
About This Property
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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.
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 |
|---|---|---|---|
| Oct 10, 2023 | Sold | ||
| Sold | |||
| May 28, 2023 | No longer available | - | |
| No longer available | |||
| May 28, 2023 | Listed by Douglas Elliman | $2,850,000 | |
| Listed by Douglas Elliman | |||
| | |||
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Introducing 7426 Floranada Way, an exceptional estate home located within the prestigious Addison Reserve Country Club. This magnificent property offers 5 bedrooms, 6.5 bathrooms, an office, and a guest house, providing ample space for luxurious living. Positioned on the golf course, you can enjoy captivating views of the manicured greens, while also indulging in serene lake vistas.
Enter this remarkable residence and experience true tranquility. The main bathroom is a sanctuary within your home, featuring an oversized steam shower, Jacuzzi, and private spa area. Every detail has been carefully considered to create a space of ultimate relaxation and rejuvenation.
The Lavido custom kitchen is a culinary masterpiece, equipped with soft-closing cabinets, high-end appliances such as Fotile and Fulgor Milano, and designed to inspire your inner chef. The open-concept living room is adorned with oversized windows, filling the space with natural light and offering seamless indoor-outdoor flow.
This smart home is equipped with Alexa control, allowing you to effortlessly manage various aspects of your home. Hardwood floors add warmth and elegance, while the sprinkler system with rain-sensitive technology ensures efficient water usage.
Located within the Addison Reserve Country Club, this property grants access to an array of exceptional amenities. The 70,000 square-foot clubhouse offers a refined atmosphere, while the 35,000 square-foot healthy lifestyle complex caters to your fitness and recreational needs. Enjoy three 9-hole championship golf courses, 11 Har-Tru tennis courts, 4 pickleball courts, 2 bocce courts, a full basketball court, and more.
Embrace the coveted lifestyle offered at 7426 Floranada Way, where luxury, elegance, and extraordinary amenities converge. Addison Reserve Country Club is a distinguished elite club and a renowned Platinum Club of America. Don't miss this opportunity to make this exquisite property your own.
| |||
| Apr 5, 2023 | Price Decreased |
$2,875,000
↓ $100K
(3.4%) | |
| Price Decreased | |||
| Mar 23, 2023 | Price Decreased |
$2,975,000
↓ $20K
(0.7%) | |
| Price Decreased | |||
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About Addison Reserve
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017