828 RILEY Lane
About This Property
Inside, soaring ceilings, rich wood flooring, formal living and dining rooms, and a dedicated home office create an elegant yet functional floor plan. The spacious kitchen features granite countertops, abundant cabinetry, a center island, breakfast bar seating, and seamless flow into the family room and outdoor entertaining spaces.
The privately situated owner's retreat offers a peaceful escape with a spa-inspired bath featuring a soaking tub, walk-in shower, and generous closet space. Additional bedrooms provide flexibility for guests, family, hobbies, or work-from-home needs.
The true showpiece is the backyard. An expansi An expansive paver patio, custom putting green, firepit gathering area, covered lanai, and fully fenced yard overlook a heavily wooded preserve with no immediate rear neighbors, creating a peaceful, park-like setting that feels like your own private retreat. Whether entertaining guests or enjoying a quiet evening outdoors, this exceptional outdoor living space offers privacy rarely found in today's newer communities--and still provides room to add a pool.
Residents enjoy Palencia's outstanding amenities, including multiple pools, a water park, fitness center, tennis and pickleball courts, fishing pier, miles of walking and jogging trails, parks, playgrounds, and a semi-private championship golf course. Conveniently located near historic St. Augustine, area beaches, shopping, dining, and top-rated schools, this home offers the perfect blend of luxury, privacy, and lifestyle.
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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 |
|---|---|---|---|
| Sep 8, 2026 | Sold | ||
| Sold | |||
| Aug 2, 2026 | In contract | - | |
| In contract | |||
| Jun 19, 2026 | Listed by INTERNATIONAL GOLF REALTY | $810,000 | |
| Listed by INTERNATIONAL GOLF REALTY | |||
| Jun 16, 2015 | Sold | ||
| Sold | |||
| Apr 18, 2015 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $350,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
| | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017