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18645 MIDSUMMER PLACE
About This Property
From the moment you enter, you'll appreciate the custom built-in features including designer bookshelves and custom cabinetry in the foyer and flex room, creating both elegance and functionality. The open-concept design is enhanced by 8-foot interior doors, nickel floor outlets in the great room, custom window treatments, plantation shutters throughout, and motorized shades on the great room sliding doors. The home also features built-in speakers with home theater and music wiring in the great room and lanai, along with a sound system and subwoofer, creating an exceptional indoor and outdoor entertainment experience.
The gourmet kitchen was thoughtfully designed for both entertaining and everyday living, featuring extended cabinetry, quartz countertops with marble backsplash, a large storage island, under-cabinet lighting, and a custom walk-in pantry with pullout drawers and shelving. The appliance suite includes a six-burner natural gas range with stainless-steel vent hood and built-in wall oven. The dining area is accented with luxurious linen silk designer curtains for an added touch of sophistication.
The spacious primary suite offers a peaceful retreat with tray ceilings, plantation shutters, and a spa-inspired en suite bath complete with double vanity, a glass-enclosure walk-in shower, and a custom-designed walk-in closet with built-in storage. The guest bath also features an upgraded walk-in shower with glass enclosure.
Additional features and upgrades include smart home technology, a natural gas tankless water heater, whole-house natural gas generator, whole-house water treatment system, hurricane-impact windows, and the added benefit of being located in an X flood zone.
Step outside into your private outdoor oasis overlooking tranquil views. The screened lanai showcases a heated saltwater pool and spa with waterfall feature and LED color-changing lighting. The fully equipped outdoor kitchen includes a natural gas grill, vent hood, sink, refrigerator, granite countertops with granite and tile backsplash, built-in cabinetry, covered seating area with TV, and dual ceiling fans. The fenced backyard is professionally landscaped and complemented by a patio sitting area and front-yard landscape lighting for enhanced curb appeal.
Residents of the Solstice community at Wellen Park enjoy resort-style amenities including a zero-entry pool, fitness center, pickleball courts, clubhouse, and golf-cart-friendly living. Conveniently located near downtown Wellen Park with lakefront dining, shopping, scenic trails around the Grand Lake, live concerts, community events, and farmers markets. Nearby Gulf beaches and CoolToday Park, the spring training home of the Atlanta Braves, are just minutes away.
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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 |
|---|---|---|---|
| Oct 7, 2026 | Sold | ||
| Sold | |||
| Aug 24, 2026 | In contract | - | |
| In contract | |||
| Jul 20, 2026 | Price Decreased |
$775,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Jun 22, 2026 | Price Decreased |
$785,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
| May 19, 2026 | Listed by COLDWELL BANKER REALTY | $795,000 | |
| Listed by COLDWELL BANKER REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017