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198 STARGRASS DRIVE
About This Property
Step inside to a light-filled main living area that flows seamlessly into the kitchen and dining spaces. The spacious primary suite provides a private retreat with an en-suite bath and generous walk-in closet, while two additional bedrooms offer flexibility for family, guests or a home office.
Outside, enjoy Florida living within one of Central Florida's distinctive gated communities. Water Ridge is situated among three lakes and offers an impressive collection of resort-style amenities, including multiple community pools, a clubhouse, fitness center, tennis and pickleball courts, and access to community boat ramps.
Conveniently located between Tampa and Orlando with access to I-4, this home offers the opportunity to enjoy a resort-style community while remaining within reach of Lakeland, Winter Haven and the greater Orlando area.
Schedule your private showing and discover everything 198 Stargrass Drive and the Water Ridge community have to offer.
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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 |
|---|---|---|---|
| Sep 24, 2026 | In contract | - | |
| In contract | |||
| Sep 18, 2026 | Listed by LIST NOW REALTY, LLC | $519,900 | |
| Listed by LIST NOW REALTY, LLC | |||
| Aug 16, 2023 | Sold | ||
| Sold | |||
| Jul 12, 2023 | Listed by LIST NOW REALTY, LLC | $515,000 | |
| Listed by LIST NOW REALTY, LLC | |||
| May 10, 2022 | Sold | ||
| Sold | |||
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About Water Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017