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119 MAXCY LANE
About This Property
Inside, you'll find terrazzo floors throughout, adding classic Florida character and easy-care durability. The spacious living area flows into the kitchen and opens to an impressive enclosed sunroom lined with windows overlooking the backyard and lake. This light-filled space is perfect for morning coffee, entertaining guests, or simply relaxing while taking in the beautiful waterfront views. The home also features an interior laundry room, ample storage, a covered front porch, covered rear patio, and attached garage.
Step outside and experience what makes this property truly special. The backyard leads directly to your private dock and the open waters of Lake Reedy, encompassing more than 3,500 acres. Known for excellent bass, crappie, catfish, and shellcracker fishing, the lake also offers opportunities for boating, skiing, kayaking, swimming, wildlife watching, and simply enjoying life on the water.
Whether you're searching for a full-time residence, weekend retreat, or an affordable way to enjoy the Florida lakefront lifestyle, this property offers a wonderful combination of peace, recreation, natural beauty, and waterfront access right from your own backyard. Come experience the laid-back lifestyle and spectacular views of Lake Reedy!
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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 |
|---|---|---|---|
| Oct 30, 2026 | Sold | ||
| Sold | |||
| Oct 14, 2026 | In contract | - | |
| In contract | |||
| Oct 5, 2026 | Listed by REAL BROKER, LLC | $275,000 | |
| Listed by REAL BROKER, LLC | |||
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About Downtown Frostproof
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017