17040 Serengeti Circle
About This Property
Looking for a newer Florida home without sacrificing space, privacy or a big backyard? This beautifully designed 3-bedroom + den, 3-bath home offers 2,650 sq. ft. of living space on an oversized .96-acre lakefront lot in the gated Serengeti community. Inside, the open-concept design features tray and volume ceilings, a spacious great room and a stylish kitchen with an oversized island, abundant cabinetry, stainless steel appliances and pantry. The primary suite opens to the lanai and features dual vanities, a large tiled walk-in shower and walk-in closet. Outside, the expansive screened lanai overlooks the lake and enormous backyard with plenty of room to create your dream pool and outdoor living area. Additional highlights include a 3-car garage, impact-resistant windows and doors, whole-home generator, owned water treatment system and nearly 42,000 sq. ft. of property. Enjoy newer construction, room to spread out and peaceful lake views-all in a small gated community of just 26 homes.
FEMA LETTER OF MAP AMENDMENT APPROVED 10/14/2026, removing the residence from the Special Flood Hazard Area. Outcome zone X (shaded) and the federal mandatory flood insurance requirement no longer applies. LOMA and full details in MLS supplements.
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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%.
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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 |
|---|---|---|---|
| Oct 22, 2026 | Relisted | $530,000 | |
| Relisted | |||
| Oct 17, 2026 | In contract | - | |
| In contract | |||
| Jul 9, 2026 | Listed by KW Florida Living | $530,000 | |
| Listed by KW Florida Living | |||
| Feb 7, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jan 7, 2026 | Price Decreased |
$584,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017