17690 NE STATE ROAD 121
About This Property
From the moment you step through the front door, you're welcomed by soaring ceilings and a light-filled open living space, anchored by a massive gas-fueled stone fireplace-a striking centerpiece that's as inviting on cool evenings as it is stunning year-round. Framed by floor-to-ceiling windows that bring the outdoors in. Plantation shutters throughout offer both elegance and privacy. The kitchen is a culinary dream-equipped with a gas range, wall-mounted oven, double sinks, expansive counters, a large island with a breakfast bar that invites slow mornings with coffee or lively gatherings with friends.
The primary suite is a retreat unto itself-massive in scale, yet intimate in feeling-with direct access to the back porch and pool. The en suite bath offers a spa-like escape, featuring a large walk-in shower and a separate soaker tub perfect for long, quiet evenings.
Step outside and the resort-like amenities unfold: an 8-foot-deep saltwater pool glistens in the Florida sun, paired with a heated spa for year-round enjoyment. A large covered back porch provides the perfect setting for entertaining, while a convenient pool bath makes hosting effortless.
The land is as impressive as the home-fully fenced and cross-fenced, with well-maintained pasture ideal for horses. The property's elevated position keeps it high and dry, and a whole-house generator with years' worth of fuel storage offers unmatched peace of mind.
Despite its private, rural feel, the location couldn't be more ideal: just 19 miles to Gainesville, 23 miles to Ocala, and 45 miles to Cedar Key and the Gulf of Mexico. Here, you'll find a rare blend of seclusion and convenience.
Pass through the gates, and you'll understand-this is more than property. It's a legacy, ready for its next chapter.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017