Under contract-accepting backup offers. Experience luxury Florida
living in this beautifully updated, fully furnished (colorful
cabinet in living room excluded) three-bedroom, two-bath home with
2,429 square feet in the gated golf community of Waterford.
Featuring soaring ceilings, a desirable split floor plan, formal
living and dining rooms, a spacious family room with wood-burning
fireplace and an oversized two-car garage, this home is designed
for comfortable living and entertaining. Double glass entry doors
open to abundant natural light and stunning views of the heated
pool, tranquil water and award-winning golf course. The spacious
primary suite offers private lanai access, dual walk-in closets,
and a remodeled spa-like bath with solid wood soft-close cabinetry,
quartz countertops, dual vanities, soaking tub, and glass-enclosed
shower. The updated kitchen features solid wood soft-close
cabinetry, quartz countertops, newer appliances, pullout shelving,
breakfast bar with extra storage, decorative backsplash,
pass-through window to the lanai and a casual dining area. Two
guest bedrooms with walk-in closets share a full bath that also
serves as a convenient pool bath. Enjoy the expansive screened
lanai with covered seating and dining areas, storage closet, and
heated pool and spa overlooking picturesque golf course and water
views. Major updates include 2024 exterior paint and pool lights,
2022 complete interior remodel with new family room windows, double
glass front entry doors, garage doors, water heater, pool heat pump
and whole-house water purification system, 2021 pool cage, pool
resurfacing and driveway, 2020 air conditioner, 2017 pool deck and
2011 roof. This move-in-ready home offers exceptional updates,
spectacular views and the best of the Florida lifestyle. One low
HOA fee of $2,232 annually and no CDD provide the owner with
Waterford amenities including heated pool, lighted Har-Tru tennis
courts, pickleball, hot tub, social room with kitchen, dance floor
and fitness center, with corn hole and bocce ball courts coming
soon! Golf memberships are available but not required. The golf
club has a restaurant with no minimums. Easy access to Interstate
75, U.S. 41, pristine Gulf beaches, shopping, dining, medical,
quaint downtown Venice, new Sarasota Memorial Hospital, CoolToday
Atlanta Braves spring training ballpark and new downtown Wellen
Park.
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.
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