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1875 MERLOT DRIVE
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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%.
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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.
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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 8, 2026 | In contract | - | |
| In contract | |||
| Sep 23, 2026 | Listed by KELLER WILLIAMS WINTER PARK | $1,125,000 | |
| Listed by KELLER WILLIAMS WINTER PARK | |||
| Sep 20, 2024 | Sold | ||
| Sold | |||
| Aug 26, 2024 | In contract | - | |
| In contract | |||
| Jul 7, 2024 | Listed by ABSOLUTE REALTY GROUP, LLC | $1,080,000 | |
| Listed by ABSOLUTE REALTY GROUP, LLC | |||
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Stunningly updated home with spectacular conservation views - that will never change. This high-end 5-bedroom, 4-bathroom home is available in the sought after Buckingham Estates in Sanford, FL. As you enter the 24-hour guard gated community you are surrounded by nature. The residence spans 3,764 square feet of thoughtfully designed space with an exquisite blend of elegance and functionality. As you enter the foyer, through the beautiful living room with trey ceilings, crown molding to breathtaking views of the lanai, custom saltwater pool, and expansive views of nature. Spectacular! At the heart of the home is the chef's kitchen, complete with stainless steel appliances (new stove and dishwasher), a large island, 42-inch cabinets, designer backsplash tile and stunning countertops. Did we mention the large custom pantry with Elfa shelves, counters and drawers. The kitchen seamlessly flows into the breakfast nook and family room, creating an open and inviting atmosphere. On the 1st floor you'll find an office, formal living and dining rooms, kitchen, breakfast nook, pantry, family room and a two-bedroom wing with bath. The 2nd floor includes an additional roomy bedroom and bath with two bonus rooms for play. The primary suite is a true retreat, featuring a large bedroom, custom Elfa design closet with a beautiful chandelier, and an exquisitely designed bath with a soaking tub, separate shower and coffee bar (with refrigerator). And the remaining bedrooms are generous in size and all include ample closet space. Step outside to the Lani, where relaxation awaits. A large screened enclosure houses a designer saltwater pool with spa, perfect for unwinding after a long day. Additional Amenities include, oversized 3-car garage with Elfa built-ins providing ample storage; and upgraded landscaping. Plus, the home is located in a highly rated school system. Situated in a sought-after community, this residence offers easy access to major thoroughfares including I-4, SR 46, SR 429, SR 417, and nearby Orlando, providing effortless connectivity to premier shopping, dining, amusement parks and entertainment destinations. Located just steps off the Seminole Wekiva Walking Trail and minutes from all the wonderful amenities that the Sanford | Lake Mary area has to offer! Experience the epitome of refined living in this hidden gem of a community. Don't miss the opportunity to make this exceptional property your own. Schedule a showing today and experience luxury living in a prime location!
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About Buckingham Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017