17414 Elkgrove Lane
About This Property
The private owner's suite is a relaxing retreat with direct lanai access, a spacious WALK-IN CLOSET, and a luxurious ensuite bath featuring dual granite vanities, a SOAKING TUB, oversized frameless glass shower, and private water closet. A desirable SPLIT-BEDROOM FLOOR PLAN offers privacy for guests, including a guest suite with adjacent bath that also serves as a convenient POOL BATH. Step outside to your own private backyard oasis featuring a custom HEATED SALTWATER POOL with SUNSHELF, an expansive PANORAMIC SCREENED LANAI with upgraded no-see-um screens, and tranquil preserve views that provide exceptional privacy and year-round enjoyment. Additional upgrades include a WHOLE-HOME WATER FILTRATION SYSTEM, WATER SOFTNER, Ring video doorbell, Honeywell Wi-Fi smart thermostat, laundry room with cabinetry, UTILITY SINK, GE washer and dryer, and gutters.
Located within the award-winning community of The Place at Corkscrew, residents enjoy one of Southwest Florida's premier resort lifestyles with low HOA fees and exceptional amenities including a resort-style pool and spa, indoor/outdoor restaurant and bar, cafe, two-story fitness center, pickleball, tennis, bocce, basketball, volleyball, splash pad, playground, dog park, and an active social calendar. Ideally located in Estero, just minutes from Southwest Florida International Airport (RSW), Florida Gulf Coast University (FGCU), Miromar Outlets, Coconut Point, Gulf Coast Town Center, Hertz Arena, championship golf courses, and SW Florida's Gulf beaches, this exceptional home offers the perfect blend of luxury, convenience, and the Florida lifestyle buyers are searching for.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017