16451 PAYNES MILL DRIVE
About This Property
Upon entering through the striking new decorative impact glass insert front door, you're greeted by a sophisticated office space featuring decorative board and batten detailing, setting the tone for the rest of the home. The thoughtfully designed floor plan includes a conveniently located game room/media room upstairs, in addition to a versatile loft space and an extra bedroom suite.
The heart of the home is the stunning kitchen, featuring white cabinetry and countertops, a breakfast bar, and a beautifully crafted decorative board and batten wrap around the island. The living room is a true showstopper, boasting a custom built-in with a fireplace, mantle, bookcases, and ample storage, all while offering expansive views of the lanai and the massive custom pool area beyond.
The owner's suite is a private retreat located on the ground floor, featuring direct access to the pool area and an exquisite ensuite bathroom with dual sinks and a large walk-in shower. The upstairs bedrooms provide comfortable and convenient accommodations for family and guests alike.
This home has been meticulously upgraded with features such as a whole home water treatment system, gutters, continuous blue lights on both AC units for energy efficiency, and beautifully upgraded landscaping surrounding the entire property. The laundry room has been enhanced with built-in cabinets and shelves for added convenience.
Outside, indulge in the array of community amenities that Lakewood Ranch has to offer, including a pool & spa, sand volleyball court, basketball court, dog park, playground, corn hole lawn, and sports field. This residence truly embodies the best of Florida living.
Lakewood Ranch is the number one best-selling, multigenerational community in the country, located near world-class shopping, dining, and entertainment options such as Lakewood Main Street, University Town Center, and downtown Sarasota. With easy access to I-75, beautiful beaches, top-rated schools, and medical facilities, this home offers the perfect blend of luxury, convenience, and community. Don't miss out on the opportunity to call this exceptional residence your own.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017