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1981 FLORA PASS PLACE
About This Property
NEW interior shutters installed (2026) on every double pane insulated window and open-plan living shines in the expansive great room featuring a 4 ft extension of the floorplan along with extra optional windows in the dining area. The gourmet kitchen is sure to please your home chef with a huge quartz countertop breakfast island seating 6, upgraded soft-close wood drawers and cabinets, GE Profile appliances, gas stove-top, exhaust hood, and chic tile backsplash. And don't miss the butler's pantry/drop zone for extra storage space and a wine fridge off the 2-car garage and interior laundry room with even more added cabinetry. Luxury upgrades in the living and dining areas include the cove ceiling, recessed lighting, 12' glass sliders to the extended covered lanai, and even remote electronic window coverings for the sliders.
The primary bedroom is a true owners' retreat with optional extra sq ft added to this room too plus double sliders with remote motorized blinds and access to the covered lanai. A spa-like bath offers a large frameless glass shower with bench seat, a quartz topped double vanity, mosaic tile backsplash wall, separate toilet room, and a huge walk-in closet with custom built-in cabinets. Your private resort continues out back with the screened-in, heated, saltwater pool, paver patio, extended covered lanai, built-in natural gas grilling station, beverage fridge, ceiling fans, and recessed lighting. And the view to the extra-large premium fenced lot (50' x 175') can't be beat (and HOA takes care of all lawn mowing, shrub trimming, and watering). The 12,000 sq ft clubhouse has a fitness center, bar space, event spaces, lounge area, kitchen, and screened porch. In addition is a resort pool, family pool, and spa, as well as pickle ball, bocce ball, and tennis courts, and a full-time activity director to keep the fun going 7 days a week. Come live the carefree, elegant lifestyle in this active resort neighborhood. Close to Disney, Celebration shops and restaurants, and nearby highways taking you east to Orlando or west to Tampa.
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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 9, 2026 | Sold | ||
| Sold | |||
| Aug 16, 2026 | In contract | - | |
| In contract | |||
| Jun 8, 2026 | Price Decreased |
$675,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| May 21, 2026 | Listed by KELLER WILLIAMS WINTER PARK | $685,000 | |
| Listed by KELLER WILLIAMS WINTER PARK | |||
| Dec 19, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017