186 MANDOLIN DRIVE
About This Property
Residents of Sun 'n Lake enjoy an impressive selection of amenities, including a **private community park, beach, pickleball courts, clubhouse, and boat ramp**. Spend your days enjoying the sunshine, relaxing by the water, getting active on the courts, or meeting neighbors and friends at the clubhouse.
Lake Placid is known as the **"Town of Murals"** and offers an abundance of outdoor recreation and small-town charm. Nearby activities include boating, fishing, swimming, golfing, hiking, nature trails, parks, and exploring the area's many freshwater lakes. Enjoy a day at **Lake Placid, Lake June, or Lake Grassy**, or take a short drive to local restaurants, shops, and downtown attractions.
For golf enthusiasts, the Sun 'n Lake area offers convenient access to golf courses, while nature lovers can explore **Highlands Hammock State Park**, one of Florida's oldest state parks, located nearby.
With its desirable Sun 'n Lake location and access to fantastic community amenities, **186 Mandolin Dr offers the opportunity to enjoy the laid-back Florida lifestyle in beautiful Lake Placid.
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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 |
|---|---|---|---|
| Aug 25, 2026 | Listed by TRUDEALS REALTY CORP | $639,000 | |
| Listed by TRUDEALS REALTY CORP | |||
| Apr 5, 2024 | Sold | ||
| Sold | |||
| May 2, 2019 | Sold | ||
| Sold | |||
| Feb 21, 2019 | No longer available | - | |
| No longer available | |||
| Jan 23, 2019 | Listed by TRUDEALS REALTY CORP | $274,900 | |
| Listed by TRUDEALS REALTY CORP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017