27
Map
11248 Edgewater Circle
About This Property
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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%.
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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 25, 2025 | Sold | ||
| Sold | |||
| May 28, 2025 | In contract | - | |
| In contract | |||
| May 17, 2025 | Listed by The Keyes Company | $875,000 | |
| Listed by The Keyes Company | |||
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If one is seeking an exceptional luxury home in Wellington, Florida, this residence can be a best solution. Priced below one million dollars, the intrinsic value this property offers is unmatched for the price, considering the interior and exterior upgrades. Situated in the well located Grand Isles at Wellington, this home offers a full .26 acre privacy hedged home-site, overlooking a rear Eastern faced long lake view. Relish in the morning sunrise and the bright home interior, as you start your day. At day's end Bask in the resurfaced salt filtrated heated pool and the spa. As you unwind from your busy day, custom LED pool lighting extends your evening pleasure. Enjoy the extended roof covered patio comfortably, with Phantom motorized screen protection from uninvited pests. The pool equipment has also been comfortably improved in 2022 and 2023 with a new pool pump, salt water filtration system, heater, and an iAqua software operating system. Updated as well are the A/C system in 2023, and in 2024 a new hot water heater and laundry area wet sink.
The inviting interior has be refreshed in a current contemporary lifestyle taste-level. In February 2025, the kitchen had just been fully remodeled with new quartz grey toned countertops and backsplash, as well as refinished cabinets with new hardware. Complimenting this renovation are a new sink, electric stove, microwave oven and garbage disposal.
Recent modernization with the interior appointments ceramic tile wood imaged flooring throughout the main living area and natural wood plank flooring in the bedrooms. The owner suite bedroom and bath have been improved with a 2024 installed custom closet
and a custom vanity in the primary bath in 2020. Guest bedroom 1 features a custom closet and upgraded full bath with glass shower door, shower head, and faucets. Guest bedroom 2 has received the same upgrades as well.
The interior decor features charming wall coverings that are peel and stick for easy removal of one has that desire. Four decorative ceiling fans foster a cooling breeze and air circulation.
As an added feature in the garage, there is a mobile generator wall plug in for power in the event of an outage.
See this pristine and well finished property in the Grand Isles at Wellington, a premier community close to A Rated Elementary and Middle Schools, parks and recreation, shopping convenience, and restaurant dining for enjoyment.
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| Nov 17, 2016 | Sold | ||
| Sold | |||
| Jun 11, 2016 | Listed by Keller Williams Realty - Wellington | $480,000 | |
| Listed by Keller Williams Realty - Wellington | |||
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About Orange Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017