1508 LUGANO CIRCLE
About This Property
Welcome home to the Spinnaker, a remarkable single-story, open-concept home.
Its layout includes three bedrooms, two full bathrooms, a dining room, an open-concept kitchen and great room, three-car garage, plus a covered lanai.
As you walk into the foyer of this home, you are greeted with two bedrooms and a full bathroom on one side. Continue to walk through the foyer and the home opens to a beautiful, open great room, the focal point of the home. This space encourages you and your guests to eat, play, and live where everyone can enjoy one another in a beautiful space. The kitchen features a large center island and gourmet kitchen. The owner's entry is just off the garage with the laundry nearby.
The owner's suite sits privately at the back of the home. This space is perfect for nighttime relaxation and blends into a large owner's bath with shower. A spacious walk-in closet gives you ample room.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 17, 2026 | Sold | ||
| Sold | |||
| Feb 26, 2026 | In contract | - | |
| In contract | |||
| Feb 19, 2026 | Price Decreased |
$549,999
↓ $50K
(8.3%) | |
| Price Decreased | |||
| Jan 16, 2026 | Listed by FLORIWEST REALTY GROUP, LLC | $599,999 | |
| Listed by FLORIWEST REALTY GROUP, LLC | |||
| Dec 15, 2025 | Listed | $595,990 | |
| Listed | |||
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Under Construction. PRICED TO SELL!!!! Welcome home to the Spinnaker model! This thoughtfully designed single-story residence offers 2,002 square feet of living space with an open-concept layout that seamlessly connects the kitchen, dining, and living areas. Featuring 3 bedrooms, including a private owner’s suite with an en-suite bathroom, and 2 full baths, this home combines comfort and functionality. Enjoy new construction quality and craftsmanship throughout, plus the convenience of single-level living. Located in a desirable Nokomis neighborhood known for its peaceful atmosphere and proximity to parks and nature preserves, this home offers easy access to outdoor recreation and Florida’s natural beauty. Come visit us today! Photos show pictures of a previous model; not all features are the same.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017