1251 PRESSLY CIRCLE
About This Property
LOCATION, SETTING & EXPANSIVE ACREAGE–Tucked among some of DeLand's most distinguished estates, this 2.5-ACRE ESTATE combines privacy, freedom, & natural beauty, all just 10 minutes from I-4. A turn onto Pressly Circle reveals a winding road beneath a canopy of majestic oaks, ending in a peaceful cul-de-sac where this inviting charmer proudly graces. Beyond the electronic GATE lies a property CLEARED & FULLY FENCED! With NO HOA & the flexibility of UNINCORPORATED VOLUSIA COUNTY, the possibilities abound! Zoned RES/AG, the estate welcomes HORSES! The grounds are further enhanced w/an IRRIGATION SYSTEM, covering the perimeter of the lush grassy yard.
HOME–Two upgraded LANTERNS flank the covered entry, framing the 8' DOUBLE FRONT DOORS that open into a living space where 10' CEILINGS soar & NEW LUXURY VINYL WOOD PLANK FLOORS extend-working in harmony to create a warm & stunning first impression! A wall-mounted LINEAR ELECTRIC FIREPLACE anchors the GREAT ROOM, curating a modern & inviting atmosphere, while TRIPLE WINDOWS along the back wall frame the sweeping acreage like a living piece of art!
The KITCHEN & DINING AREAS strike a perfect balance of charm, character, & modern style-bright & cheerful! Notable highlights include a GLASS-TILED BREAKFAST BAR, SS APPLIANCES, SOFT-CLOSE HARDWARE w/NEW PULLS, GRANITE COUNTERTOPS, SUBWAY TILE BACKSPLASH, & a KITCHEN ISLAND.
A TRIPLE-SPLIT FLOOR PLAN ensures privacy & comfort. The PRIMARY SUITE is spacious & bathed in natural light from every direction-an ARCHED TRANSOM above the bed, TWO WINDOWS overlooking the grounds, & an 8' EXTERIOR DOOR w/a FULL GLASS PANEL. Sunshine also pours in from the ENSUITE, which showcases a NEW WALK-IN SHOWER, WHITE GRANITE COUNTERTOPS, a convenient LINEN CLOSET, & a PRIVACY CORNER. Completing the owners' suite are SEPARATE HIS & HER WALK-IN CLOSETS!
A SECOND BEDROOM enjoys a LARGE DOUBLE WINDOW w/ARCHED TRANSOM, making it equally well-suited as a HOME OFFICE or HOBBY ROOM. On the opposite side of the home, BEDROOMS THREE and FOUR offer generous closet spaces & serene views of the surroundings. Serving this side of the home is the RECENTLY UPGRADED SECOND BATH, also featuring its NEW WALK-IN SHOWER!
METAL BUILDING–NEW as of 2020, this versatile STRUCTURE (28x35)-built on an expanded CONCRETE SLAB w/an OVERSIZED GARAGE DOOR-is perfectly designed to accommodate recreational vehicles & all the big outdoor toys! Fully functional with 60 AMP ELECTRICAL SERVICE & POTABLE WATER, it also features a SIDE PEDESTRIAN DOOR for convenience. Above, a SECOND-LEVEL LOFT spans the full-width, providing effortless access to ABUNDANT STORAGE.
SCREENED LANAI & POOL–Approximately 1,200 SF of OUTDOOR LIVING unfolds beneath the NEWLY RESCREENED LANAI, bordered by remarkable AGAVE SUCCULENTS & emerging SAGUARO CACTI. An additional 200 SF of COVERED SPACE, elevated by a gorgeous natural WOOD-INLAID CEILING, ensures year-round usability! At the center, a refreshing POOL w/DUAL PROJECTING FOUNTAINS creates a dynamic focal point, while the STRATEGICALLY TIERED DECKING draws the eye from the water's edge into the brilliant greenery beyond.
ADDITIONAL RECENT IMPROVEMENTS–EXTERIOR EPOXY PAINT on FRONT ENTRY, POOL DECK, & ATTACHED GARAGE; ALL INTERIOR/EXTERIOR LIGHTING; INTERIOR/EXTERIOR PAINT; ROOF (2019); HVAC (2019); TANKLESS GAS WATER HEATER (2019)!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017