2453 Summerlin DRIVE
About This Property
With 1,734 square feet, this home has an amazing floor plan featuring a private master bedroom (owner's suite) and 2 roomy secondary bedrooms, all with updated ceiling fans and chic crown molding. The kitchen is the focal point of the home and features ample counter space with a breakfast bar, newer stainless-steel appliances, stylish dusky wood cabinets with plenty of storage space, a gas stove, and an elegant tile backsplash.
The private owner's suite is spacious and showcases a walk-in closet, a separate entrance that leads to the pool area with sophisticated French doors, and a luxurious en suite bathroom. The updated owner's bath has a deep jet tub, separate walk-in shower, a vanity with dual sinks, and wainscot detailing.
Don't miss the next sunset while lounging by your gorgeous, heated saltwater pool (installed 2005) featuring a gas heated spa, new pool pump (2020), new lighting, a Californian Beach entry, pebble-tec surfacing, and a stylish paved deck. This home is perfect for entertaining and offers plenty of privacy with a covered porch that overlooks the inground screened pool and beautiful, lush landscaping of the fenced in backyard.
You will be delighted to find that nearly everything in this home has been updated to include a newer roof (2017), newer water heater, and an updated HVAC system (2014). Other features of the home that you are sure to appreciate include fresh interior and exterior paint, a two-car attached garage with a washer and new dryer set, a freshly glazed guest bathtub, new blinds throughout (2021), new garbage disposal (2019), and new LED light bulbs have been installed in the can lighting throughout the home.
Morningside Estate residents have exclusive access with a membership to the recreation complex featuring a community pool, splash pool, tennis, racquetball, basketball courts, playground, and a weight room. With convenient access to shopping, local dining, schools, and medical facilities, this home is just minutes away from walking trails, Clearwater Mall, interstate highways which offers easy access to Tampa International Airport, St. Pete/Clearwater Airport, and the beautiful world-famous Gulf beaches! This tranquil neighborhood is quiet and private, yet close to everything and has no required HOA fees or flood insurance! Call today to schedule your private showing and start living the Florida dream in your new pool home!
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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%.
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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 Clearwater
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017