12848 Sorrento WAY
About This Property
The Lazio plan features 3 bedrooms, 3 full baths and a study. Enter though the inviting foyer which leads to the mirrored dining room, spacious great room with windmill fan and den with custom two-sided built-ins with desks. The designer kitchen with large island leads to the extended lanai with a 30 ft picture window screen and includes a gas fireplace, summer kitchen and saltwater pool and spa.
The spacious master suite has a seating area with a bay window for enjoying the lake view.
This home boasts upgrades including the following: gourmet kitchen, tray ceilings, crown moldings, plantation shutters, custom closet in main bedroom, 8 ft solid core doors throughout, 24-inch high gloss porcelain tile in all areas except 2 guest bedrooms which feature soft neutral carpeting.
This is a FULL GOLF MEMBERSHIP home with maintenance free grounds offering an 18-hole private championship golf course. Enjoy the exciting array of resort-style amenities at Esplanade. Spend your days playing golf, tennis, pickleball or bocce ball. Walk to the fabulous Culinary Center featuring multiple dining options and bar. Workout at the fitness center, or simply relax at one of the resort-style pools featuring lap lanes, kid-friendly entry, heated spas and a resistance pool. Enjoy dining at the Bahama Bar, a poolside full-service bar and restaurant. Lakewood Ranch features A rated schools, medical facilities, and an abundance of dining and shopping options. A short drive to Sarasota, the Gulf Beaches and within 45 minutes of the Tampa/St Pete area.
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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.
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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 |
|---|---|---|---|
| May 30, 2024 | Sold | ||
| Sold | |||
| Mar 9, 2024 | In contract | - | |
| In contract | |||
| Feb 9, 2024 | Listed by COLDWELL BANKER REALTY | $1,250,000 | |
| Listed by COLDWELL BANKER REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017