112
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9800 Stover Way
About This Property
The recently renovated downstairs boasts an open floor plan, complete with a full guest bedroom suite and bathroom. Upstairs, the large master bedroom suite offers lake views, a private porch, a multi-use room, and a walk-in closet. The laundry room opens to a spacious loft that could easily be converted into an additional bedroom.
The home features new flooring throughout, a new hot water heater, and a full suite of safety and security upgrades, including an optional alarm system, wired doorbell camera, full-house Briggs & Stratton generator, accordion hurricane shutters, and a 1,000-gallon underground propane tank powering the generator, backyard grill, and kitchen cooktop. Smart lighting with Phillips Hue multicolor bulbs enhances both interior and exterior spaces.
Situated in the luxury community of Olympia, the home offers resort-style amenities, including a massive pool, kid's splash area, private cabanas, a great room for events, a gym, and an indoor basketball court. Outdoor amenities include basketball, tennis, pickleball, volleyball courts, and a large playground. The HOA covers common area maintenance, high-speed internet, four guard-managed entrances, and rover patrols.
With plenty of room to build a private pool, this home provides both luxury and convenience, just a short walk from top-rated schools and minutes from upscale shopping and dining.
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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 | |||
| Aug 11, 2025 | In contract | - | |
| In contract | |||
| Jul 10, 2025 | Price Decreased |
$925,000
↓ $10K
(1.1%) | |
| Price Decreased | |||
| May 27, 2025 | Listed by Coldwell Banker Realty /Delray Beach | $935,000 | |
| Listed by Coldwell Banker Realty /Delray Beach | |||
| Apr 15, 2024 | Sold | ||
| Sold | |||
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About Olympia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017