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1236 HAWTHORNE COVE DRIVE
About This Property
Experience the best of Florida living in this beautifully updated pool home located in a highly desirable lakeside community, Lake Olympia. Situated on an oversized 0.36-acre lot, this exceptional property offers the perfect combination of privacy, luxury, and convenience.
Greeted with newly completed brick paved driveway, welcomed by the soaring ceilings and luxury vinyl plank flooring create a bright and inviting atmosphere. The recently renovated kitchen showcases breathtaking modern countertops, upgraded cabinetry, and stylish finishes that make it the centerpiece of the home. The luxurious primary bathroom has also been beautifully remodeled, offering a spa-inspired retreat with elegant, high-end finishes.
Additional features include plantation shutters throughout, a private front office or flex room with French doors, a newer air conditioning system, a whole-house water softener, and a whole-house repipe completed in October 2025 for added peace of mind.
The backyard is designed for entertaining and relaxation, featuring a recently resurfaced heated pool and spa, an expansive deck, and a spacious covered lanai-ideal for enjoying Florida's outdoor lifestyle year-round.
A standout feature is the Tesla solar energy system, which is paid in full and conveys free and clear to the new owner, providing exceptional energy efficiency and long-term savings with no solar loan to assume.
Enjoy the rare opportunity to live in a community with community boat launch access to Lake Olympia for boating and recreation while remaining just minutes from shopping, dining, major highways, and everyday conveniences. Homes offering this combination of the views, modern upgrades, resort-style outdoor living, and fully paid-off solar are rarely available. Schedule your private showing today!
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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%.
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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