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1166 GILLESPIE DRIVE
About This Property
Major updates provide peace of mind, including a NEW ROOF (2026) with New Leaf Filter Gutters, ALL HURRICANE-IMPACT WINDOWS with PLANTATION SHUTTERS, HURRICANE-IMPACT EXTERIOR DOORS, and HURRICANE-IMPACT GARAGE DOOR (2026), and HVAC system (2015). Inside, you'll find an elegant, thoughtfully designed floor plan, a family room with vaulted ceilings, featuring luxury vinyl flooring, tile, and plush carpeting in the bedrooms. A versatile floor plan could easily become a 3-bedroom by converting the Living room. The spacious kitchen is a standout, showcasing abundant oversized wood cabinetry, stunning quartz countertops with a timeless appearance, plenty of counter space for creating culinary delights, and cupboard space for all your cookware.
The home's generous room sizes, meticulous upkeep, and captivating golf course views create an inviting atmosphere throughout. Whether enjoying your morning coffee while watching golfers tee off in the distance or entertaining family and friends, this property offers the perfect combination of comfort, beauty, and security.
Residents of Highland Lakes enjoy exceptional amenities, including FREE golf on three executive courses, Lake Tarpon access with FREE Boat/RV Storage, The Lodge with 2 Pontoon boats for Lake cruises and the Main Clubhouse facilities, Tennis and Pickleball courts, arts and crafts, including Stained glass, Ceramics, and Woodworking workshops, fitness activities, social clubs, and endless opportunities to enjoy Florida's active lifestyle. This is your chance to own a move-in-ready golf course home in one of Palm Harbor's premier active-adult communities located in a NON Evacuation and NON Flood Zone! Yet close to World Famous Honeymoon Island, 2 International Airports, excellent eateries, and abundant shopping.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017