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18923 CHERRYSTONE WAY
About This Property
Experience exceptional Florida living in this beautifully designed single-story residence located within a premier golf and resort-style community. The thoughtfully designed floor plan offers a seamless combination of elegance, comfort, and functionality.
The home welcomes you with a formal dining room and opens to a spacious Great Room featuring tray ceilings and a contemporary kitchen, creating an ideal space for both everyday living and entertaining. Expansive sliding glass doors lead to an oversized covered lanai, extending the living space outdoors and providing an inviting setting for relaxation and gatherings.
The private owner's suite features a spa-inspired bathroom, complemented by two additional bedroom suites and a versatile den that can be used as an office, study, or flex space.
With exceptional amenities, a desirable resort-style lifestyle, and a well-appointed floor plan, this home presents an outstanding opportunity to enjoy the best of Florida living.
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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 30, 2026 | Sold | ||
| Sold | |||
| Sep 24, 2026 | In contract | - | |
| In contract | |||
| Sep 1, 2026 | Listed by REAL BROKER, LLC | $1,135,920 | |
| Listed by REAL BROKER, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017