11833 CARA FIELD AVENUE
About This Property
This one-story, four-bedroom, two-bathroom Meritage home in the Crestview neighborhood of Southfork sits on a large lake lot with fully unobstructed water views and not a single square foot of carpet anywhere in the home. Built in 2020 and loaded with upgrades throughout, this move-in-ready property delivers far more than the price suggests.
Wood-look porcelain tile runs through every main living area, and brand-new wood-look engineered floors were just installed in each bedroom. A custom feature wall anchors the main living space and photographs beautifully. The kitchen is light and bright with quartz countertops, a subway tile backsplash, and crisp cabinetry that keeps the space feeling open. A full interior laundry room with shelving and a water softener round out the practical upgrades that matter most after move-in.
Comfort and efficiency are where this home quietly separates itself. Foam-insulated attic rafters, a central dehumidifier system, and two mini-split systems give precise climate control and meaningfully lower utility costs. One mini-split serves the kitchen area; the second cools a flexible bonus space ideal as a home office, gym, or media room. The primary suite includes dual vanities with stone countertops, a walk-in shower, a water closet, and a large walk-in closet. The garage is finished with epoxy floors. The yard is fully fenced.
Step out to the covered, screened lanai and you have uninterrupted lake views and the kind of quiet that is genuinely hard to find at this price point. The professionally landscaped exterior, paver driveway, and stucco finish give the home strong curb appeal from the street.
Crestview residents are part of the South Fork III CDD, with access to a 140,000-gallon zero-entry resort pool with lounge seating and a covered patio, BBQ grilling stations, a basketball court, playground, Pradera Park with a covered pavilion and picnic area, three dog parks including a large agility course, six pocket parks including one within Crestview, and sidewalks throughout. Tampa, Brandon, and I-75 are all within easy reach.
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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 |
|---|---|---|---|
| Aug 6, 2026 | Sold | ||
| Sold | |||
| Jul 2, 2026 | In contract | - | |
| In contract | |||
| Jun 25, 2026 | Price Decreased |
$399,000
↓ $16K
(3.8%) | |
| Price Decreased | |||
| Jun 18, 2026 | Price Decreased |
$414,900
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Jun 4, 2026 | Price Decreased |
$424,900
↓ $5K
(1.2%) | |
| Price Decreased | |||
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About Riverview
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017