12448 PALATKA DRIVE
About This Property
Situated in the highly desirable, non-evacuation FLOOD ZONE X (no flood insurance required), this stunning 3-bedroom, 2-bathroom paired villa features a 2-car garage with no houses across the street-just peaceful greenery. Offering 1,875 sq. ft. of single-level living space by Neal Communities, you can enjoy the ultimate convenience of low-maintenance living. Your villa HOA handles all premium landscaping maintenance, making it a stress-free setup for seasonal snowbirds or year-round residents.
From the moment you arrive, the premium builder upgrade packages are evident, featuring full hurricane impact glass windows and upgraded plank tile flooring throughout (zero carpet). Elevating the home even further, you will find an elegant builder trim package, soaring ceilings, a custom entryway accent wall with built-in hooks, and owner-installed designer lighting fixtures and premium ceiling fans throughout. The kitchen features stone countertops, a tile backsplash, stainless steel appliances, and a seamless flow into the open-concept living space.
This smart home is equipped with built-in security features, including cameras at both the front door and the garage. The alarm system, door locking, and climate thermostat can all be managed remotely.
Stepping outside onto your lanai, you can open your pocket sliding glass doors completely into the wall to create a seamless transition into your extended screened lanai. Spanning the back of the villa, this outdoor space sits on a premium Nature Preserve Lot featuring no houses directly in front or behind you. Enveloped by tranquil, protected Florida greenery, you will enjoy these privacy views.
You are just a short walk away from enjoying everything Grand Palm has to offer, including two resort-style community pools, exclusive walking trails, the Lookout Oasis island area, and updated exercise rooms equipped with the latest fitness equipment. Now that the villa construction is entirely finalized and sold out, don't miss your chance to secure this easy Venice lifestyle at an excellent value per square foot!
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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 |
|---|---|---|---|
| Nov 11, 2026 | Listed by SARASOTA LAND AND HOMES LLC | $499,000 | |
| Listed by SARASOTA LAND AND HOMES LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017