8723 NW STATE ROAD 45
About This Property
Built with insulated concrete forms, this home is designed for energy efficiency, lower utility costs, reduced outdoor sound, and enhanced hurricane resistance. The tankless water heater and 50-watt generator hook-up ensure reliability and efficiency. Enjoy the tranquil outdoors from the screened lanai off both the kitchen and primary bedroom, or entertain guests on the paved patio with a charming gazebo and an outdoor gas fire pit-perfect for cozy evenings under the stars. Inside, relax by the warmth of the indoor gas fireplace, creating a welcoming ambiance in the living area.
Privacy is a key feature, with an 6-foot vinyl fence (installed in 2022) surrounding the property. There's no carpeting throughout the home, offering easy maintenance and a sleek, modern feel. The kitchen includes a separate breakfast nook, and the home features two stairways, adding character and flow to the design.
With a 3-car garage and a 10x16 shed with 100 Amp service, there's ample space for storage, tools, or a workshop. This one-of-a-kind home truly has it all-comfort, functionality, and a serene country setting. Come see this beautiful home and property today!
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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 |
|---|---|---|---|
| Apr 25, 2025 | Sold | ||
| Sold | |||
| Mar 26, 2025 | In contract | - | |
| In contract | |||
| Feb 27, 2025 | Price Decreased |
$570,000
↓ $13K
(2.2%) | |
| Price Decreased | |||
| Feb 1, 2025 | Price Decreased |
$582,500
↓ $18K
(2.9%) | |
| Price Decreased | |||
| Jan 15, 2025 | Listed by WATSON REALTY CORP | $600,000 | |
| Listed by WATSON REALTY CORP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017