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1755 LAKE TERRACE DRIVE
About This Property
A dramatic entryway welcomes you with soaring vaulted ceilings and a custom wrought-iron staircase, creating an unforgettable first impression. At the heart of the home, the stunning custom marble kitchen features a large state-of-the-art island with double breakfast bar seating, high-end appliances, a wine cooler, and a spacious walk-in pantry-perfectly designed for both everyday living and grand entertaining. The kitchen flows seamlessly into the family room, where a cast stone wood-burning fireplace creates a warm focal point while sliding glass doors open to views of the expansive Florida room.
Blending indoor and outdoor living, the air-conditioned Florida room features wall-to-wall windows that fill the space with natural light while overlooking the luxurious pool area. Designed for elevated entertaining, the outdoor space offers a resort-style experience with an oversized pool, summer kitchen, fire pit, and beautiful travertine surroundings, all set against peaceful lake views.
The grand room with expansive vaulted ceilings provides additional space for leisure and entertainment, featuring a wet bar with a second wine cooler and abundant natural light. Located in the east wing of the home, the spacious owner's suite showcases cathedral ceilings, generous proportions, a beautifully remodeled private bathroom, and large his-and-hers walk-in closets.
Upstairs, you'll find five additional bedrooms, two newly remodeled full bathrooms, and a spacious library area. Oversized trifold doors open to a spectacular 900-square-foot balcony overlooking the lush pool area and expansive backyard, offering stunning views and additional space to relax.
This remarkable residence is located in an exclusive 25-home community featuring a private boat dock and boat ramp-providing lake access in one of the area's most conveniently located neighborhoods.
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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 |
|---|---|---|---|
| Jul 16, 2026 | Sold | ||
| Sold | |||
| May 8, 2026 | In contract | - | |
| In contract | |||
| May 1, 2026 | Price Decreased |
$1,375,000
↓ $50K
(3.5%) | |
| Price Decreased | |||
| Mar 6, 2026 | Listed by BARBARA MCGUIRE CENTRAL FLORID | $1,425,000 | |
| Listed by BARBARA MCGUIRE CENTRAL FLORID | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017