1139 Towergate CIRCLE
About This Property
Nestled at the entrance of the enchanting Bok Tower Gardens, this charming home offers the perfect blend of natural beauty and modern comfort. Imagine starting your day with a hike through stunning gardens and returning to your serene haven in the exclusive Towergate Estates-a gated community of only 20 homes, each set on over a third of an acre, offering a unique 'Mini Mountain Lake' ambiance.
Built in 2017, this 4-bedroom, 2-bathroom, 2,169 square foot gem is designed for those who appreciate natural light and spacious living. As you enter, you'll be greeted by a formal dining room and a versatile study that can easily serve as a fifth bedroom. The entryway is adorned with beautiful transom windows and front door sidelights, ensuring your cozy nook is always bathed in sunlight.
This home boasts numerous builder upgrades, including 16 on center interior studs, insulated double-pane windows, a 30-year architectural shingle roof, Taexx pest control tubes within the walls, R38 insulation, and a high-efficiency Lennox AC unit with an indoor air handler. Additional features include a water softener system, attic pull-down stairs, and Florida-friendly landscaping with a full irrigation system for both the front and back yards.
Discover the hidden gem of Lake Wales in this adorable pocket community, where you'll find tranquility, beauty, and a true sense of home.
Don't miss out on this unique opportunity-schedule a viewing 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%.
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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.
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About Towergate Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017