8706 ARROW CREEK DRIVE
About This Property
Located on a premium waterfront lot with tranquil pond views, this home is loaded with upgrades inside and out. The chef's kitchen showcases the builder's highest-level "Iceberg" package, featuring white cabinets, quartz countertops, a large functional island, under-cabinet lighting, stainless steel appliances, built-in wall convection oven and microwave, a cooktop with designer hood, and a custom tile backsplash. The pantry is smartly designed for efficiency (non-walk-in) with built-in shelving.
The open concept living and dining areas open up to direct water views through oversized sliding glass doors leading to the extended covered and screened lanai. LVP flooring runs throughout the main living areas, with plush carpet in the bedrooms and tile in the bathrooms. A whole-house water softener system was added in 2024, along with a new washer and dryer, and new gutters.
The owner's suite is tucked privately at the back of the home, offering serene pond views, an upgraded walk-in closet with custom shelving and organizers, dual vanities, and a luxurious super shower with beautiful subway and herringbone tile work. Secondary bedrooms are generously sized, and the layout includes a full guest bath and jack-and-jill option.
Additional highlights include a 3-car tandem garage with an insulated door for temperature control, fully fenced backyard, and upgraded landscaping. The Home is being offered with a one-year home warranty for buyer peace of mind. The home is located just minutes from the Riverfield Trailhead and the community amenity center.
North River Ranch residents enjoy resort-style amenities including two expansive pools (a third on the way), fitness pods, playgrounds, walking/biking trails, dog parks, and more. Low HOA, and zoned for top-rated schools (buyer to verify). FHA, VA, and Hometown Heroes down payment assistance eligible. Easy to show-please schedule through ShowingTime. Buyer and buyer's agent to verify all room sizes and listing details.
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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 |
|---|---|---|---|
| Aug 8, 2025 | Sold | ||
| Sold | |||
| Jul 22, 2025 | In contract | - | |
| In contract | |||
| Jun 18, 2025 | Listed by LESLIE WELLS REALTY, INC. | $474,900 | |
| Listed by LESLIE WELLS REALTY, INC. | |||
| May 23, 2025 | Price Decreased |
$499,000
↓ $16K
(3.1%) | |
| Price Decreased | |||
| Apr 29, 2025 | Price Decreased |
$515,000
↓ $24K
(4.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017