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2686 MEANDER COVE
About This Property
The kitchen rivals custom homes with an oversized island with power on both sides, contrasting cabinetry, beveled quartz countertops, under-cabinet lighting, Monogram double ovens, gas cooktop, dishwasher, microwave, LG refrigerator, custom vent hood with infrared warming light, extensive cabinetry, and seamless flow into the dining room, dry bar, and butler's pantry. The adjacent eat-in area is surrounded by windows with uninterrupted backyard and preserve views. The privately positioned primary suite offers tray ceilings, lanai access, and a spa-style bathroom with split vanities, makeup station, oversized walk-in shower with floor-to-ceiling tile and frameless glass, private water closet, and a custom extended walk-in closet with built-ins and full-height storage. Additional bedrooms are thoughtfully positioned in a three-way split layout, including a private guest suite with en-suite bath and two secondary bedrooms connected by a dual vanity bathroom. A dedicated office with French doors provides an ideal work-from-home setup, while the upstairs bonus suite offers exceptional flexibility for a media room, game room, or private living area with a wet bar, quartz countertops, sink, wine refrigerator, full bathroom, storage, and separate HVAC. Outdoor living is equally impressive with an extended covered and screened paver lanai, panoramic screen enclosure, custom sunshade screens, artificial turf, professional landscaping, and multiple access points from the main living areas and primary suite. The oversized backyard delivers exceptional privacy with no rear neighbors and expansive water and preserve views.
Additional upgrades include a 26kW Generac whole-home generator, water softener, three Lennox AC units, epoxy-coated garage flooring, overhead storage racks, and a full security system with cameras and video doorbells. Located in River's Edge within River Landing, residents enjoy a gated low-density luxury setting close to SR-56, US-301, I-75, Wiregrass, Tampa Premium Outlets, AdventHealth Wesley Chapel, dining, and top-rated Pasco County schools. This is a rare opportunity to own a highly upgraded, thoughtfully designed home offering privacy, flexibility, and luxury finishes.
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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 |
|---|---|---|---|
| Jun 22, 2026 | Sold | ||
| Sold | |||
| May 18, 2026 | In contract | - | |
| In contract | |||
| May 1, 2026 | Listed by COLDWELL BANKER REALTY | $1,100,000 | |
| Listed by COLDWELL BANKER REALTY | |||
| Nov 27, 2023 | Sold | ||
| Sold | |||
| Nov 21, 2023 | Listed by COLDWELL BANKER REALTY | $1,200,427 | |
| Listed by COLDWELL BANKER REALTY | |||
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About Wesley Chapel
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017