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2361 SOFIA LANE
About This Property
western exposure and direct views of beautiful Lake Bengal, this property offers the ideal setting for a future custom home. The peaceful
lakefront setting, combined with a quiet multi-cul-de-sac location, provides both privacy and premium appeal. Deep Creek is known for its city
water and sewer, well-maintained surroundings, and strong demand from both full-time residents and seasonal buyers. The lot is conveniently
located just a few miles from Deep Creek Golf Club and just over a mile from restaurants, a corner store, pub, bank, and everyday conveniences.
With quick access to the highway, the property is ideally positioned between Sarasota and Fort Myers, enhancing its long-term desirability. The
area continues to attract growth due to its boating, fishing, golfing lifestyle, and proximity to Gulf beaches, making this lakefront lot a smart
choice for builders, investors, or buyers planning a future custom home.
Listed By
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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 |
|---|---|---|---|
| Jul 9, 2026 | Listed by SELLSTATE VISION REALTY | $85,000 | |
| Listed by SELLSTATE VISION REALTY | |||
| Jan 8, 2026 | Listed by SELLSTATE VISION REALTY | $225,000 | |
| Listed by SELLSTATE VISION REALTY | |||
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This cleared 3 lot, waterfront opportunity offers an excellent investment opportunity in the highly sought-after Deep Creek community. With western exposure and direct views of beautiful Lake Bengal, this property offers the ideal setting for a future custom home. The peaceful lakefront setting, combined with a quiet multi-cul-de-sac location, provides both privacy and premium appeal. Deep Creek is known for its city water and sewer, well-maintained surroundings, and strong demand from both full-time residents and seasonal buyers. The lot is conveniently located just a few miles from Deep Creek Golf Club and just over a mile from restaurants, a corner store, pub, bank, and everyday conveniences. With quick access to the highway, the property is ideally positioned between Sarasota and Fort Myers, enhancing its long-term desirability. The area continues to attract growth due to its boating, fishing, golfing lifestyle, and proximity to Gulf beaches, making this lakefront lot a smart choice for builders, investors, or buyers planning a future custom home.
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| Jul 8, 2024 | Sold | ||
| Sold | |||
| Jun 21, 2024 | In contract | - | |
| In contract | |||
| May 8, 2024 | Price Decreased |
$79,900
↓ $10K
(11.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017