17903 Lake Estates Drive
About This Property
Please see supplement link for a full description of this property. As you drive into the estate you will be greeted by a long stone paver driveway surrounded by beautiful trees and landscaping. The back of the property has a fantastic sparkling pool and spa, large pavers, a gazebo with a summer kitchen, lush palm trees, and incredible views.
As you enter the double doors to the property you will be pleased with the open grand room concept with high ceilings, and beautiful millwork throughout. The home has elegant stone floors, a huge family room and formal living room all overlooking the lake and golf course. The kitchen is well equipped with solid wood cabinetry, granite countertops, wine refrigerator, top of the line stainless steel appliances, and center island with gas range. The house has luxurious window treatments and plantation shutters throughout. All downstairs bedrooms including the primary are light, bright, spacious, and well appointed. The majority of the living space is downstairs, however you do have a private guest quarters upstairs with a living room, balcony, and bedroom with en suite bathroom, and hardwood floors. The home is in pristine condition and ready for it's next owner. Other custom features include upgraded bathrooms, custom closets, elegant lighting, updated laundry room, sunken bar, office, cabana bath, 2.5 car garage, and so much more.
Due to the size of the lot and views, it is also ideal for a builder to come in and build a masterpiece.
Membership to St Andrews Country Club is Mandatory.
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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 |
|---|---|---|---|
| May 2, 2023 | Sold | ||
| Sold | |||
| Jan 4, 2023 | Listed by Compass Florida LLC | $4,650,000 | |
| Listed by Compass Florida LLC | |||
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About St. Andrews Hills
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017