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1145 MEADOWBEND DRIVE
About This Property
The home offers a desirable SPLIT FLOOR PLAN with TWO MASTER SUITES, one of which includes a PROFESSIONALLY ORGANIZED CLOSET. The Florida room opens seamlessly to the living area, creating a bright and comfortable space for relaxing or hosting guests. Additional interior highlights include a premium Speed Queen washer and dryer, newer top-of-the-line windows, and beautifully crafted front and rear entry doors.
Exterior features include a brick paver driveway and front walkway, gutters surrounding the home, and a concrete sidewalk leading to the backyard with convenient access to the garage side entrance. The backyard offers a charming brick paver patio complete with an electric sunshade, perfect for enjoying Florida's outdoor lifestyle. The yard is designed for low maintenance, with beautiful landscaping finished in attractive decorative stone landscaping. The home is situated on a quiet dead-end street, offering minimal traffic and added privacy.
Major system updates provide peace of mind, including a HVAC (2018), ROOF (2019), an insulated garage door (2019), a water softener (2020), and a new sprinkler system controller(2023).
Pennbrooke Fairways is a guarded, gated 55+ community located just five minutes south of The Villages and less than an hour from Orlando International Airport. Residents enjoy access to the Pennbrooke Fairways golf course featuring two executive nines and one regulation nine, with golf packages available. Additional amenities include 24-hour security, MULTIPLE POOLS, recreation and fitness centers, a clubhouse with restaurant, hair salon, library, RV and boat storage with dump and wash stations, and a full calendar of planned activities.
The HOA includes cable, internet, garbage service, and lawn care. Conveniently located near Brownwood Town Square, Downtown Leesburg, and all the shopping, dining, and entertainment nearby (The Villages). This home truly represents the best of Central Florida living!
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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 |
|---|---|---|---|
| Jul 6, 2026 | Sold | ||
| Sold | |||
| May 18, 2026 | In contract | - | |
| In contract | |||
| Apr 11, 2026 | Price Decreased |
$299,900
↓ $8K
(2.6%) | |
| Price Decreased | |||
| Mar 25, 2026 | Price Decreased |
$307,900
↓ $10K
(3.2%) | |
| Price Decreased | |||
| Mar 12, 2026 | Relisted | $324,900 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017