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8254 PAVIA WAY
About This Property
The disappearing 10' foot impact glass sliders seamlessly connect the outdoor oasis to a luxuriantly welcoming great room, dining area and gourmet kitchen with showstopper feature wall with fireplace, separate wet bar with sink and wine fridge, coffered ceilings, and designer light fixtures creating a sophisticated continuity of space. Meanwhile the kitchen further accentuates with wood cabinetry, sprawling quartz counters, stainless steel appliances and separate breakfast nook area.
Rest and relaxation reigns in the owner's quarters positioned on a private wing, offering tray ceilings with beam detailing, large scale windows, direct lanai access, plantation shutters, and two oversized walk-in customized closets, and a luxuriously appointed bath with separate vanity stations, an oversized shower, large soaking tub, and separate water closet. Overnight guests will appreciate three additional guest suites generous in size, two centered by a Jack-n-Jill ensuite full bath, while the third guest room is just off the home's third full bath. The residence also offers an impressive office behind glass double doors just off the entry foyer.
Other notable highlights of this all-encompassing four bedroom rresidence includes a stylish and conveniently located powder room, brilliantly finished laundry room with cabinetry and sink, upgraded ceiling treatment in the foyer, all impact windows and doors, water filtration system, Smarthome systems, landscape lighting, GENERATOR, and an oversized three car garage with thoughtfully improved with insulation, a mini-split air-conditioning system, and electric car charging station. Beckoning a lifestyle fulfilled and the pinnacle of luxury living, Lake Club residents enjoy access to a wealth of amenities, including two resort-style heated pools, Grande Clubhouse with fine dining and bar area, a fitness center, spa, tennis courts, pickleball, a playground, dog park, and services of a full-time concierge and activities director.
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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 |
|---|---|---|---|
| Sep 29, 2026 | Price Decreased |
$2,150,000
↓ $45K
(2.1%) | |
| Price Decreased | |||
| Jun 19, 2026 | Price Decreased |
$2,195,000
↓ $55K
(2.4%) | |
| Price Decreased | |||
| May 4, 2026 | Listed by MICHAEL SAUNDERS & COMPANY | $2,250,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Jun 17, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017