Welcome to the best of Florida living in the highly desirable 55+
gated community of Cascade Lakes offering fabulous resort-style
amenities. This home is perfectly positioned on a private corner
lot with serene lanai lake views, no back neighbors & beautiful
park-like setting. Bright open floor plan features volume
ceilings, tile floors & plenty of natural light. The updated white
kitchen offers marble countertops, stainless steel appliances &
center island w/breakfast bar. The spacious primary suite offers a
custom built-in bed, two large closets, primary bath w/dual
vanities, soaking tub & shower. Enjoy peaceful mornings on your
oversized East facing screened lanai perfect for relaxing &
entertaining. Freshly painted, AC replaced in 2025. Generac
Generator installed 2020. A must see! Residents of Cascade
Lakes enjoy resort-style living with an active, vibrant lifestyle
in a beautifully maintained, centrally located, manned-gated
community. Surrounded by lush landscaping and eight sparkling
lakes, the community is home to approximately 600 single-family
residences. The impressive clubhouse offers an exceptional array of
amenities, including indoor and outdoor pools, state of the art
fitness center, sauna, ballroom for live entertainment and events,
card rooms, library, billiards and an arts & crafts studio. Tennis
and pickleball enthusiasts enjoy a thriving program with a
professional on staff. Known for its welcoming atmosphere and
active social calendar, Cascade Lakes offers something for
everyone. Strong financial reserves further reflect a well-managed
and financially sound community.
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