22149 DRAW BRIDGE DRIVE
About This Property
Step inside to a bright and open great room where natural light pours in, seamlessly connecting the living and kitchen spaces for easy everyday living and effortless entertaining. The main living area opens to an extended living space with picture windows that overlook the view -an ideal setting to enjoy morning coffee or unwind in the evenings.
The eat-in kitchen features a cozy breakfast nook and is conveniently located next to the indoor laundry room with pantry storage and direct access to the garage, creating a layout that is both functional and comfortable. The primary suite offers a relaxing retreat with a generous walk-in closet, while the en-suite bath includes a jetted tub, step-in shower and linen closet for added convenience. A flexible guest wing provides two additional bedrooms and a guest bath, perfect for visiting family or easily adapting one room into a home office or hobby space.
Additional features include a 2024 water heater, 2023 roof, 2018 HVAC system, a termite bond with Florida Pest and a whole-home water filtration and softening system, offering peace of mind for years to come.
Located in the highly sought-after Royal Highlands, this resident-owned, guard-gated 55+ community offers an exceptional lifestyle. Residents enjoy an 18-hole golf course with restaurant and pro shop, two pools (indoor and outdoor), lighted tennis and pickleball courts, shuffleboard and bocce ball, a softball field, billiards, a fitness center, card rooms, and a library. The Grand Hall serves as the heart of the community, hosting social events, fitness classes, concerts, and more. The HOA also includes cable, high-speed internet, and secure RV and boat storage.
This is more than just a home-it's a place where comfort, connection, and natural beauty come together in one of Lake County's most desirable 55+ communities.
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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 Royal Highlands
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017