An extraordinary offering within the guard-gated golf community of
Heathrow, this approximately 4,600-square-foot residence pairs a
fully renovated interior with nearly half an acre of beautifully
landscaped grounds, creating a private setting in one of Lake
Mary's most established luxury communities. Inside, six bedrooms
and five bathrooms unfold beneath tall ceilings, classic crown
molding and a neutral palette filled with natural light. The layout
includes a primary suite, a second-floor suite and four additional
bedrooms, with spaces currently used as a home gym and private
office, providing flexibility to adapt to the next owner's
lifestyle. The home was comprehensively redesigned in 2021 by Erica
Stone Interiors, bringing a fresh perspective to its Mediterranean
architecture while creating interiors that feel warm, luxurious and
inviting. Distinctive details give the home personality throughout,
including a gas fireplace framed by a reclaimed barn wood mantle
handcrafted by a local artisan and a pale blue tray ceiling that
adds subtle color and character to the living space. Outdoor living
continues the experience, with the home opening to a private pool
surrounded by a limestone deck and beautifully maintained
landscaping. Set on nearly half an acre, the grounds provide a
sense of privacy and space while remaining connected to the
lifestyle and amenities of Heathrow. Additional updates include two
new air conditioning units installed in 2020, a new water heater
installed in 2024, and, since the 2021 renovation, fresh interior
and exterior paint, whole-house water treatment, updated appliances
and electrical service expanded to 400 amps to accommodate multiple
electric vehicle chargers. Adding another dimension to the
opportunity, the adjoining approximately 2.5-acre property directly
behind the residence is also available for separate purchase (MLS
#6441899). Acquiring both properties would create an extraordinary
approximately three-acre estate within the private gates of
Heathrow, with the additional acreage and second residence situated
outside the HOA boundary and therefore free from Heathrow HOA
restrictions. The combination presents a rare opportunity to enjoy
the security and lifestyle of one of Central Florida's premier
gated golf communities while gaining a level of privacy, land and
flexibility virtually impossible to replicate within Heathrow.
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017