9732 Phipps Lane
About This Property
- Whether it's time to watch the game, play a game or use as a quiet workspace any time, the 2nd floor loft gives the whole family another space to be creative.
- You'll love the upscale island style in the great room where you'll instantly feel at home with friends & family. Enjoy the large private Owners Suite balcony overlooking the pool & patio with the feel of a secluded tropical garden.
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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 |
|---|---|---|---|
| Jun 22, 2026 | Sold | ||
| Sold | |||
| May 20, 2026 | In contract | - | |
| In contract | |||
| Apr 18, 2026 | Price Decreased |
$1,085,000
↓ $18K
(1.6%) | |
| Price Decreased | |||
| Mar 16, 2026 | Listed by Berkshire Hathaway Florida Realty | $1,102,500 | |
| Listed by Berkshire Hathaway Florida Realty | |||
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Welcome to this PICTURESQUE TROPICAL BACKYARD RETREAT overlooking tranquil lake views, designed to feel like a private resort. Set on a cul-de-sac in Olympia, this exceptional residence is highlighted by a freeform PebbleTec salt-system pool and spa, expansive travertine decking, lush tropical landscaping, and winding rock pathways that create a serene outdoor escape. Designed for effortless indoor-outdoor living, the home offers a covered patio with Phantom screens, an upper balcony with retractable awnings, and a generous side yard finished with turf, creating a beautiful low-maintenance green space. The backyard is fully fenced, providing a secure area for pets to roam and enjoy the peaceful surroundings. An 8' X 8' attached storage room provides convenient space for pool toys, outdoor equipment, and entertaining essentials. a buried PROPANE TANK efficiently heats the pool and spa and also offers the option for future generator capability. The expansive outdoor living areas create an ideal setting for entertaining, relaxing, and enjoying Florida's year-round sunshine. Inside, the home showcases quality craftsmanship and contemporary design, featuring extensive moldings, inlaid mirrors, clean lines, and an abundance of natural light. Impact sliding glass doors and an etched impact glass front entry door enhance both style and security..... The expansive kitchen is designed for both everyday living and entertaining, offering white shaker cabinetry, a massive counter-height island topped with exotic granite and abundant storage, while the surrounding counters feature sleek quartz surfaces. Stainless steel appliances include a new slide-in range, microwave, and dishwasher, along with a wine refrigerator and a built-in butler's pantry..... The main level offers a versatile fifth bedroom with a full bath, currently designed with custom built-ins and ample space for a pullout king-size sofa bed-perfect for guests, a home office, or flex space. A magnificent staircase with Mahogany steps, glass panels and rich mahogany accents creates a striking architectural feature. Beneath the staircase is a built-in nook with a decorative metal door, ideal for additional storage or even a cozy retreat for your four-legged family member. Throughout the main living areas downstairs you will find luxury vinyl plank flooring and Hybrid Plus walnut planks in the downstairs flex room and entire upstairs, with no carpet anywhere in the home..... Upstairs features a spacious loft and four additional bedrooms, including the primary suite with a private balcony overlooking the serene backyard and lake-perfect for morning coffee or evening cocktails. The primary retreat includes two custom walk-in closets and a beautifully designed spa-style bath featuring a soaking tub and a stunning shower with book-matched exotic granite and a seamless glass enclosure. All closets throughout the home are custom outfitted, and the bathrooms feature cohesive cabinetry, granite countertops, and double-sink vanities, including a guest bath with dual sinks and a Jack-and-Jill bath also featuring double sinks. Contemporary lighting, designer ceiling fans, plantation shutters, and solid-core interior doors add to the home's refined finish..... Additional highlights include two new air conditioning systems, a widened driveway accommodating three vehicles, landscape lighting, gutters, accordion shutters, security cameras, and a garage with extensive cabinetry and a beautifully finished floor. The home is also equipped with an electric vehicle charging station..... Villa Olympia offers world-class amenities, including a lagoon-style pool and spa, tennis courts, pickleball, basketball, volleyball, a playground, an indoor basketball court, and a state-of-the-art fitness center plus an outdoor entertaining patio..... HOA fees cover 24-hour gated security, recreation amenities, common area maintenance, internet, & irrigation. Walk to A-rated schools, the Wellington Green Mall, fine dining, Trader Joe's, & Whole Foods. Close to world-class equestrian events, the Wellington Tennis Center, Palm Beach Island, and more..... Meticulously maintained and move-in ready, this exceptional home offers a rare combination of thoughtful upgrades, beautiful design, and a picturesque lakefront setting.
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| Aug 4, 2023 | Sold | ||
| Sold | |||
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About Olympia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017