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Lake Butler 34786 Reserve at Waterford Pointe
2038 Water Key DRIVE
$1,100,000
● House - Off Market

2038 Water Key DRIVE

WINDERMERE, FL 34786
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
3,774 Ft²
$1,211,377
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

GORGEOUS 5bd / 4.5 bath home in Waterford Pointe, a Premier Community in Windermere. The kitchen opens up into the family room which is great for entertaining. This floor plan includes master on the first floor, featuring a large walk-in closet, spa like bath, his and hers vanities & large walk-in shower. All other bedrooms are spacious with plenty of closet space. Beautiful Pool with with SPA, perfect for any weather. Waterford Pointe has 24 hour manned guard gate, community tennis courts, playground, and a recreation building for the residents to enjoy. Amazing Restaurants, Premium Shopping, Renowned Golf Courses, Area Attractions, and Major Roadways are all just minutes from the front gate. Enjoy all that Windermere has to offer. Best of the Florida LIFESTYLE!
Unit Size
3,774 Ft²
Days on Market
114 days
Land Size
0.51 acres
Price per sqft
$317
Property Type
House
Property Taxes
$780
HOA Dues
$245
Year Built
2000

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 3 years ago (Stellar MLS #O5993940)

Price History

Date / Event Date Event Price
May 2, 2022 Sold
Premium
Sold
Jan 5, 2022 Listed by KELLER WILLIAMS EAGLE REALTY $1,195,000
Listed by KELLER WILLIAMS EAGLE REALTY
Nov 13, 2014 Sold
Premium
Sold
Feb 12, 2007 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 1
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 704
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 22,280
  • Total Building Area: 4,915
  • Gross Building Area: 4,915
  • Building Area: 3,707
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,707
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RESERVE AT WATERFORD POINTE PH 1
  • Land Acres: 0000000511
  • Standard Land Use Code: 1001
  • County Land Use Code: 0104
  • State Land Use Code: 001
  • Legal Description 1: RESERVE AT WATERFORD POINTE PHASE 1 42/2 3 LOT 42

Neighborhood

  • School District Name: Orange County School District
  • School Tax School District: 0298 0332
  • Census Tract: 017120

Zoning

  • Zoning: R-CE-C

Geography

  • Assessors Map Reference: 36A
  • Subdivision Phase Number: 1
  • Subdivision Tract Number: 7643
  • Parcel: 01-23-27-7643-00-420
  • Lot: 42
  • Meridian: SEC 01 TWN 23S RNG 27E
  • Municipality: UN-INCORPORATED
  • Latitude: 28.5203
  • Longitude: -81.5748

    Address

  • Full Address: 2038 Water Key Dr
  • Address - House Number: 2038
  • Address - Street Name: Water Key
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Windermere
  • Carrier Code: R003
  • 4-Digit Zip Code: 5821
  • Zip Code: 34786

Valuation

    Tax

  • Total Area: 4,168
  • Tax Year: 2023
  • Tax Amount: $1,413,127
  • Tax Rate Code Area: 65-ORG

    Appraisal Valuation

  • Standard Deviation: 0.1669
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 78
  • Final Value: 1,078,545
  • High Value: 1,258,657
  • Low Value: 898,434

    Market Valuation

  • Market Total Value: $928,569
  • Market Land Value: $165,000
  • Market Improvement Value: $763,569

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $928,569
  • Assessed Land Value: $165,000
  • Assessed Improvements Value: $763,569

    Sales

  • Current Sale Contract Date: Apr 25, 2022
  • Current Sale Recording Date: May 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 282842
  • Previous Sale Recording Date: Nov 13, 2014
  • Previous Sale Contract Date: Oct 30, 2014
  • Previous Sale Amount: $760,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Reserve at Waterford Pointe

Stats & Trends

Median Asking:

$1,449,000

Sale Price/ft²

$366

Above Asking

0.00%

Average Days on Market

38

Average Home Size

3950 ft²

Average Home Age

24.5 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 12462 Westfield Lakes Circle, WINTER GARDEN, FL, 34787

$4,300 /mo

  • 4 Beds
  • 3 Baths
  • 2,567 ft²
12462 Westfield Lakes Circle, WINTER GARDEN, FL, 34787 Listing by Claudia Montes

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Agatha Mileris
KELLER WILLIAMS EAGLE REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# O5993940
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 2038 Water Key Drive built and last sold?
The property at 2038 Water Key Drive was built in 2000 and last sold on Apr 25, 2022 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 2038 Water Key Drive is $0.
What are some comparable homes to 2038 Water Key Drive?
There are currently no comparable homes to 2038 Water Key Drive.
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