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1910 GERDA TERRACE
About This Property
Built by highly regarded Central Florida custom builder Silliman Homes, the residence reflects the builder's reputation for thoughtful design, quality construction, and distinctive homes within established neighborhoods such as College Park and Winter Park.
This is a particularly rare offering for College Park: a mid-era home that delivers the solid block-on-slab construction and modern scale buyers want, while avoiding many of the compromises often associated with much older housing stock. Soaring vaulted ceilings on both levels, a dramatic two-story foyer and family room, a private ground-floor primary suite, and an open, light-filled floor plan give the home a sense of volume and architectural presence that feels far more current than its original build date suggests.
A substantial redesign and renovation in 2015–2017 further transformed the home, including an expansive kitchen, updated baths, and refreshed interior spaces that give the residence an effective age and overall feel closer to a much newer home. Major recent updates include a 2025 roof, 2021 HVAC system, and replacement of select windows.
The rear of the home opens directly from the main living areas into an extraordinary tropical outdoor setting that feels like a private resort. The pool, surrounding hardscape, lush mature landscaping, multiple entertaining areas, and detached structure combine to create a true backyard oasis....not simply an outdoor feature, but a natural extension of the interior living space.
The setting is equally compelling. This immediate pocket of College Park is known for some of the area's most distinctive and interesting homes, mature landscaping, and close proximity to the lake. From the property, Lake Ivanhoe comes into view almost immediately as you begin walking toward the water. The public boat launch, neighborhood parks, desirable Princeton Elementary, the College Park Community Center and Pool, Edgewater Drive shops and restaurants, and the wine bars, coffee shops, restaurants, and antique stores of Ivanhoe Village are all close at hand.
Few homes combine this location, construction quality, scale, updates, architectural character, and outdoor environment at this price point. For buyers who have been waiting for something truly special in the Lake Ivanhoe District of College Park, this is a rare opportunity
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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.
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.
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About College Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017