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7701 La Zagara Place
About This Property
Mahogany kitchen cabinets, granite counter tops with extended island, cabinet pull outs, stainless steel appliances with double oven range, 20x20 ceramic tile floors throughout, etched glass front and lanai doors, double sinks and free standing shower in primary bath, walk in closet in primary, epoxy garage floor, added gutters in back of home and extended screened lanai on private lot. Villaggio Reserve is a sought-after active 55+ community with a 38,000 sq ft clubhouse, lap pool, resort style pool, kiddie pool, jacuzzi, cafe, fitness room and classes, 6 pickle ball courts, 5 tennis courts and 2 bocce ball courts.
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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 |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Jan 25, 2026 | In contract | - | |
| In contract | |||
| Jan 16, 2026 | Price Decreased |
$595,000
↓ $30K
(4.8%) | |
| Price Decreased | |||
| Nov 26, 2025 | Price Decreased |
$624,900
↓ $15K
(2.4%) | |
| Price Decreased | |||
| Aug 26, 2025 | Price Decreased |
$640,000
↓ $9K
(1.4%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Price/ft²
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017