11241 WATER SPRING Circle
About This Property
Ideally situated just minutes from the renowned Mayo Clinic, top-tier shopping and dining, and the St. Johns Town Center - with the beach only 20 minutes away - this home puts you in the heart of everything Jacksonville has to offer.
Built with solid concrete block construction, the home features exceptional upgrades and finishes that truly make it stand out. Designed for both intimate and large gatherings, it offers ample space to relax and entertain-indoors and out. Curb appeal is abundant, with a pavered driveway and entryway surrounded by lush, blooming flowers and mature trees. Inside, the open-concept living area flows seamlessly into a bright, air-conditioned sunroom that overlooks a serene, private, tree-lined backyard and an oversized pavered screened lanai. The fully fenced backyard offers both privacy and charm.
Key interior features include:
+ Tile flooring throughout - no carpet to maintain
+ Updated kitchen with sleek white 42" cabinets, upgraded backsplash, and convenient pull-out drawers
+ Custom shelving in closets for organized storage
+ Sun Tunnels in the living room for added natural light
+ Two-car garage with durable epoxy flooring and extensive built-in storage
Recent upgrades and highlights:
+ Fresh exterior paint (2 years ago)
+ New Pella windows in the rear of the home
+ Brand-new roof (July 2024)
+ HVAC system and hot water heater approximately 8-9 years old
+ Full-house water softener system for clean, pure water
+ Transferable termite bond for added peace of mind
+ Fully fenced backyard with a 18 x 15 screened pavered patio and a motorized retractable awning
+ Over $15,000 in landscaping improvements
+ Full-house gutters for added protection
+ Both bathrooms renovated: new high vanities, sinks, mirrors and higher toilets, fully customized showers equipped with built-in benches with grab bars for added comfort and safety.
Enjoy resort-style living in this gated, active 55+ community, which features:
+ A lap pool, fitness center, bocce, tennis and pickleball courts
+ Billards room, business center, arts and crafts room
+ Community events and endless social activities (educational seminars, hobby classes, book club, photography, wine tastings..)
+ Easy access to major thoroughfares, shopping, and dining
Don't miss your opportunity to enjoy the best of 55+ living in this beautifully upgraded home. Come see all that this prime Jacksonville location has to offer -schedule your visit today!
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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.
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About Southeast Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017