8883 Falcon Pointe Loop
About This Property
Conveniently located near shopping, restaurants and minutes away from Southwest Airport. This fabulous two story home is located in close proximity to Florida's pristine beaches. Location, location, location is a ten. The newer tile plank floors welcome you at the front door and flow throughout the entire first floor. The kitchen has been tastefully updated with new cabinetry, quartz counters and stainless steel appliances. The kitchen offers a view of the custom built pool. The pool and spa are beautifully designed with lights, waterfalls and a spacious sun shelf large enough for four lounge chairs along with two umbrella stands that secure into built in stands. The temperature, lighting and spa may be controlled remotely. Two bedrooms downstairs are adjoined by a Jack and Jill bathroom that has been remodeled in a contemporary style. As you reach the second floor the main focus is it's large bonus room with sliders to the second floor balcony. Also on the second floor is the Master Bedroom featured with it's completely remodeled bathroom that has a beautiful new shower and vanity. The Master Bedroom also allows access to the balcony. The balcony floor has been completely remodeled which features a view of the lake. The two additional bedrooms are located on opposite side of the Master offering complete privacy. They feature plenty of light and are adjoined by a Jack and Jill bathroom. Both AC units were repaced in 2021 with Trane AC units and the water heater was replaced in 2021 also, The driveway has recently been repaved.
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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 19, 2025 | Sold | ||
| Sold | |||
| Jul 10, 2025 | In contract | - | |
| In contract | |||
| Jun 20, 2025 | Price Decreased |
$579,000
↓ $6K
(1%) | |
| Price Decreased | |||
| May 30, 2025 | Price Decreased |
$585,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| May 29, 2025 | Price Decreased |
$589,900
↓ $5K
(0.9%) | |
| Price Decreased | |||
Property Highlights
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About Lee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017