16665 Acapulco ROAD
About This Property
What an incredible opportunity to enjoy this high quality, custom, 3 Bedroom plus a Den, 2 Bath, 3 car garage, pool home, located on a quiet street in beautiful Burnt Store Lakes. Built in 2022, this Open Floor Plan with split bedrooms features plank tile throughout, high ceilings, Crown Molding, and plenty of storage space. The Great Room, with its high and Tray Ceiling adjoins the Kitchen and Dining area and invites you through the 8-foot sliders and outside to the Lanai and pool. The Kitchen features 42" upper cabinets, soft close hardware, Granite countertops and stone backsplash, a beautiful Island with Pendant Lighting, LG Stainless Steel appliances and large Pantry. The roomy Dining area off the Kitchen overlooks the Pool and private backyard where you can watch the wildlife play. The Primary Bedroom features a tray ceiling and glass panel door to the lanai. The Primary bathroom has twin high vanities, spacious walk-in shower with and a huge walk-in closet. The 2 generous sized Guest Bedrooms share a full bathroom with a combination tub/shower that features full height tile. The Guest Bedrooms have extra overhead air-conditioned storage space. Step outside and enjoy the spacious paver Lanai, heated pool, and roomy sundeck. There's a storage room for the pool toys and the Lanai has been pre-plumbed for an outdoor kitchen. The Laundry Room is as pretty as it is functional. It features LG washer/dryer, laundry sink with built-in cabinets and granite counter tops. Built for a boater, 3-car garage has a 30 feet deep bay so fit you can comfortably fit a boat and the garage is air conditioned with it's own mini-split AC system. Outside, you'll find the nicely landscaped yard with a variety of tropical plantings and palms, concrete curbed planting beds with stone mulch. The lawn and shrub irrigation are drawn from the creek behind the home. Burnt Store Lakes Residents enjoy the Community Park which has covered picnic benches, a playground, and restrooms. There is a kayak ramp for Residents only that accesses Charlotte Harbor and the incredible wildlife in the Charlotte Harbor Aquatic Preserve such as Manatees, porpoises, sea turtles and an abundance of game fish. Next door at Burnt Store Marina, you'll find a full-service deep-water marina, restaurants that are open to the public and golf. It's just a short drive to Downtown Punta Gorda, one of Florida's best small towns, with plenty of restaurants and town activities to enjoy and Cape Coral, one of the fastest growing cities in Florida. It doesn't get any better than this to live your dream Florida Lifestyle.
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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 |
|---|---|---|---|
| Mar 4, 2024 | Sold | ||
| Sold | |||
| Jan 26, 2024 | In contract | - | |
| In contract | |||
| Jan 6, 2024 | Price Decreased |
$599,000
↓ $16K
(2.6%) | |
| Price Decreased | |||
| Dec 11, 2023 | Listed by MICHAEL SAUNDERS & COMPANY | $614,900 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Oct 26, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017