1542 DEERBOURNE DRIVE
About This Property
Welcome to Your Executive Oasis! This stunning 5-bedroom, 4-bathroom home is the perfect blend of character and convenience, offering a unique opportunity for a buyer with a vision to create their own luxury masterpiece. Situated on a 10,043 sq. ft. private preserve lot, this spacious residence boasts 4,139 sq. ft. of living space, a split floor plan, and an array of high-end features designed for ultimate relaxation and entertaining.
The outdoor paradise is truly the highlight of this home, featuring a custom-designed Pebble Tec pool with a tranquil spillover water feature, surrounded by North Carolina rock and lush Florida landscaping. The expansive lanai includes a covered area for cookouts, a private 6-person hot tub and saunas, and breathtaking views of a serene conservation area with no rear neighbors.
Inside, the bright and open interior showcases high ceilings, formal living and dining rooms, and oversized bedrooms, including two with en-suite bathrooms. The master suite serves as a private retreat, offering direct pool access, dual vanities, his-and-her walk-in closets, and a relaxing garden tub. The kitchen is a chef's dream, equipped with stainless steel appliances, a gas range, an island, a breakfast bar, and ample cabinet space.
This home also offers versatile living spaces, making it ideal for a home recording studio, home theater, office, or podcast area. The finished double-car garage with air conditioning adds even more flexibility, providing additional workspace or storage options.
Recent upgrades include solar panels, a 25 kW standby generator (2021), a new irrigation system and sprinklers (2024), and fresh exterior paint (2024). Additional features include hurricane shutters, a laundry room with a utility sink, and a partially converted three-car garage, with the option to revert.
Located in the highly desirable Manor Isles of Meadow Pointe, this home offers access to a clubhouse, fitness center, swimming pool, playground, tennis courts, basketball courts, and sand volleyball. It is conveniently located just minutes from I-75, Wiregrass Mall, Tampa Premium Outlets, top-rated schools, restaurants, and more.
Priced well below market value, this home offers immediate equity and unmatched value. Don't miss the chance to make it yours-schedule your private tour today!
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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 |
|---|---|---|---|
| Apr 17, 2025 | Sold | ||
| Sold | |||
| Mar 15, 2025 | In contract | - | |
| In contract | |||
| Feb 25, 2025 | Price Decreased |
$630,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Feb 5, 2025 | Price Decreased |
$640,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Jan 20, 2025 | Listed by REALTY ONE GROUP ADVANTAGE | $650,000 | |
| Listed by REALTY ONE GROUP ADVANTAGE | |||
Property Highlights
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About Meadow Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017