20022 Grande Lake Drive
About This Property
NEW ROOF(10/22), Exterior painted(7/25), ALL NEW LG PREMIUM APPLIANCES in kitchen and laundry room(2/22), NEW high end LVP FLOORING in all three bedrooms(10/25), tile and grout cleaned and sealed(2/26), New water heater(12/24), New backflow valve(10/24), New AC system(8/19), New AC condenser(8/24), pool cage rescreened(10/22). View the fountain in the lake and the trees on the island in the middle of the road as you approach your LONG DRIVEWAY to enter your private retreat. Enjoy the spaciousness of 10' minimum ceiling heights throughout and a 14' ceiling in the foyer and a double coffered 13' ceiling in the living room as well as rounded corners and 8' doors in this Stock built home. All countertops are granite in the kitchen and bathrooms, natural wood shelving in the kitchen pantry and all closets, plantation shutters and upgraded 42" cabinets in the kitchen. Pool/spa area has preferred western and southern exposure and is surrounded by a wrap around lake with fountain.
Grandezza has a 53,000 square foot Clubhouse with fine dining indoors and in the Hub Bar with outdoor dining on the Veranda all on the second floor. The first floor offers a newly remodeled fitness center and casual dining at Bogey's. There is a covered Cabana Bar outdoors adjacent to the Junior Olympic-size pool. Grandezza has active Golf and Tennis communities and many other clubs and activities for residents. Close to shopping, dining, sporting events, entertainment, I-75 and the RSW airport. OPTIONAL GOLF MEMBERSHIP IS CURRENTLY AVAILABLE at the 18-hole Championship golf course. Located in desired Zone "X".
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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About Lee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017