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16090 FRINGE TREE DRIVE
About This Property
Built by Cobra Custom Builder, this 3-bedroom, 2-bath residence offers 2,622 sq ft of thoughtfully designed living space in Spring Hill's AR1 agricultural zoning district, blending rural freedom with contemporary comfort - and no HOA.
Inside, soaring 10-foot ceilings and professional-grade luxury vinyl plank flooring set the tone. The open-concept layout flows seamlessly into a chef-inspired kitchen featuring Diamond soft-close cabinetry, custom organizers, granite countertops, an oversized island with seating, organized cabinet pantry storage, and smart Wi-Fi connected appliances - all conveying.
The private primary suite is thoughtfully designed with its own dedicated A/C zone for personalized comfort and includes a versatile bonus room ideal for a sitting area, reading retreat, extended walk-in closet, nursery, office, or dressing lounge. An additional shoe closet enhances storage and flexibility, allowing the space to adapt to your lifestyle needs. The primary bath features a large walk-in shower with double rain shower fixtures, creating a true retreat experience.
Smart-home features include electric shades throughout, smart thermostats, security system, exterior cameras, and number-code entry. Additional highlights include a finished 2-car garage (552 sq ft), expansive concrete driveway and patio areas, well and septic system.
Step outside and experience what truly sets this property apart. The fully fenced backyard combines relaxation and self-sufficiency with a conveying heated Spool, a 12x24 storage shed with reinforced flooring, irrigation shed, and a fully developed homestead farm representing approximately $25,000 in infrastructure. Enjoy a 75-ft grape trellis, 8 metal raised beds, 20 wood raised beds, cinder block potato bed, hot house trellis, grow trellis, two compost areas, 7-zone irrigation system, and an extensive collection of established fruit trees and berry bushes.
Located approximately 4 miles from the Suncoast Parkway, 1.5 miles from Tampa General Hospital – Spring Hill, and about 45 minutes to Tampa and Tampa International Airport, this property offers peaceful acreage living in Florida with everyday conveniences just a short drive away.
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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 |
|---|---|---|---|
| Jul 18, 2026 | Price Decreased |
$575,000
↓ $22K
(3.7%) | |
| Price Decreased | |||
| May 27, 2026 | Price Decreased |
$597,000
↓ $17K
(2.8%) | |
| Price Decreased | |||
| Apr 18, 2026 | Price Decreased |
$614,000
↓ $13K
(2%) | |
| Price Decreased | |||
| Mar 26, 2026 | Price Decreased |
$626,777
↓ $23K
(3.6%) | |
| Price Decreased | |||
| Feb 20, 2026 | Listed by LOMBARDO TEAM REAL ESTATE LLC | $649,900 | |
| Listed by LOMBARDO TEAM REAL ESTATE LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017