1016 INVERNESS Drive
About This Property
Step into the open-concept layout filled with natural light, where the spacious living and formal dining areas are perfect for entertaining. Overlooking the pond, the kitchen is equipped with a walk-in pantry, granite countertops, quartz island, stone backsplash, under-cabinet lighting and stainless-steel appliances. Enjoy your morning coffee at the breakfast bar or spacious windowed breakfast room, and unwind after a long day on the private patio, taking in the beautiful water views and sunsets.
The primary bedroom features a sitting area and large ensuite bathroom with ample closet space, while the additional bedrooms are ideal for family, guests, or even a home office. The large laundry room comes complete with a window, sink and cabinetry for extra storage. A two-car garage with attic storage adds to the home's convenience.
There is an extra refrigerator in the garage and some furniture, art and accessories may be included.
The HOA maintains all lawns and irrigation. Mulch is laid once per year.
This home also provides access to all of the amenities that the Cascades at World Golf Village community is known for, including a 22,000 sq. ft. clubhouse, indoor heated pool, outdoor pool, hot tub, his and hers saunas, fitness center, ballroom, art room, library, billiard room, tennis, pickleball, clubs, activities and more.
All of this just minutes from two private world class golf courses, close to the beach and historic downtown St. Augustine, but tucked away from the storms. Don't miss this 4 season home with spectacular views!
Conveniently located near world-class golf courses, historic downtown St. Augustine, shopping, dining, and beautiful beaches, this home truly offers the best of Florida living. Don't miss the opportunity to make this lakeside gem your own!
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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 |
|---|---|---|---|
| Sep 29, 2025 | Sold | ||
| Sold | |||
| Aug 10, 2025 | In contract | - | |
| In contract | |||
| Jun 19, 2025 | Price Decreased |
$508,000
↓ $11K
(2.1%) | |
| Price Decreased | |||
| May 19, 2025 | Price Increased |
$519,000
↑ $189K
(57.3%) | |
| Price Increased | |||
| Apr 5, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017