18848 SW 93RD LOOP
About This Property
home located in the highly desirable Rainbow Springs Country Club Estates community. Nestled on a
.56 acre lot and surrounded by shady pines with a greenbelt behind the home, this
property offers exceptional privacy, tranquility, and space to relax and entertain.
With 2,247 square feet of living space, the home blends comfort and functionality,
making it ideal as a full time residence, vacation retreat, or investment opportunity. The
thoughtfully designed layout opens to a screened in pool oasis, complete with a hot tub for relaxation and equipped with a swim jet, this heated pool is transformed this into an "endless" lap pools by creating a continuous current to swim against. Maintenance is made easier with and automated pump (built in 2021)- perfect for year round enjoyment and effortless entertaining.
The primary bathroom was remodeled in 2021, offering a fresh, modern feel, while solar tubes installed in 2019 fill the home with beautiful natural light. The kitchen is equipped with new, never used stainless steel appliances (March 2026), adding both style and peace of mind for the next owner.
One of the standout features of this home is its exclusive access to the Rainbow
River, including a private residents only beach area. The low annual HOA of just
$250 also includes access to a community gym, pool, and river park, delivering
incredible lifestyle value.
Peace, privacy, and the Florida lifestyle you've been dreaming of-this Rainbow
River Estates gem has it all.
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Cap Rate Calculator
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 15, 2026 | Sold | ||
| Sold | |||
| Apr 17, 2026 | In contract | - | |
| In contract | |||
| Mar 24, 2026 | Listed by GAILEY ENTERPRISES REAL ESTATE | $429,000 | |
| Listed by GAILEY ENTERPRISES REAL ESTATE | |||
| Jul 29, 2017 | Listed | $195,000 | |
| Listed | |||
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Stunning 1-Owner Home 3BR/2BA + Office w/ 2-Car Garage Nestled Beautifully on 1/2 Acre In Park-Like Setting w/ Privacy. This Gorgeous Home has a Lot of Pizzazz Throughout & Has Been Updated With New Stylish Modernized Culinary Eat-In Kitchen w/ Granite Counter-Tops & Custom Hardwood Cabinets. Special Features in This Pristine Home Include Cathedral & Vaulted Ceilings, Split Bedroom Plan, Walk-In Closets, Laminate Wood Floors + Ceramic Tile. This Pristine Move-In Ready Home Flows Open but Features a Living Gathering Quite RM + Family & Friends Casual RM w/ GAS Fireplace & Cathedral Ceiling (Open From Kitchen w/ Serving Bar) Each Section Of Home has Access to LG Screen Encl. Lanai w/ Awesome Views of Nature. New Roof/2015 New HVAC/2015 New Water Heater/2015, New Irrigation Well + More... The manager has listed the unit size as 2247 square feet.
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Property Highlights
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About Marion
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017