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16435 STAR GRASS CIRCLE
About This Property
Built for both style and peace of mind, the home features full Category 5 hurricane impact windows, a whole-home WAP internet system for seamless high-speed connectivity, and an epoxied 3-car tandem garage.
The open-concept layout showcases soaring two-story ceilings, abundant natural light, and peaceful water views. The first-floor primary suite offers privacy and convenience, while the second level includes spacious secondary bedrooms and a large loft/game room complete with a big-screen TV and pool table.
The gourmet kitchen is designed for entertaining with a gas cooktop, double oversized islands, extensive cabinet storage, abundant prep space, and a seamless flow into the main living and dining areas.
Situated on a massive 150-foot-deep lot with plenty of room for a custom pool, this home is also ideally located close to the community amenities. Park East at Azario offers a low HOA along with a resort-style pool, playgrounds, dog parks, sports fields, sand volleyball courts, basketball courts, and golf-cart-friendly streets.
Conveniently located near Waterside Place, Lakewood Ranch Main Street, UTC shopping and dining, championship golf courses, top-rated medical facilities, and I-75 for easy access to downtown Sarasota and the Gulf Coast beaches.
Zoned for the new Lake Manatee K-8 School and the future Lakewood Ranch High School (Rangeland High School) expected to open for the 2027-2028 school year.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017