Set on an impressive 3/4-acre waterfront lot in Summer Lakes, one
of Viera's premier gated communities, this distinguished residence
delivers an exceptional blend of luxury, privacy & waterfront
living with a private heated pool and access to the community's
approximately 80-acre lake. Designed to embrace its spectacular
setting, the expansive screened paver lanai showcases a gorgeous
pool with sun shelf, & sun deck , complemented by a fully equipped
summer kitchen with Coyote grill, bar refrigerator, & sink. Inside,
a zero threshold entrance sophisticated architectural details
include tray ceilings, a striking stone gas fireplace, formal
living & dining spaces, built-in cabinetry, plantation shutters, &
beautiful waterfront views from every room from the entire back of
the house. The kitchen is appointed with premium high end
appliances, built-in microwave & warming drawer, while the
waterfront primary suite offers direct patio access and an elegant
bath with a freestanding jetted tub, Handicap Accessible, large
roll in shower, with bench, dual-sink vanity & built-in cabinetry.
Impact windows & doors, a whole-house generator, 2 A/C systems &
gas utilities further elevate the home. Summer Lakes offers a
scenic walking trail & bridge that winds through the community's
approximately 80-acre lake, with opportunities for sailing,
kayaking & paddle boating, while individual docks within the
community are privately owned. The location also places residents
near A-rated Viera Middle School and approximately an 8-minute
drive from Duran Golf Club, adding highly regarded schools &
championship golf to this exceptional Viera lifestyle.
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.
Parking Features: Attached, Garage, Garage Door Opener
Garage Spaces: 3
Interior Details
Full Bathrooms: 3
Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Entrance Foyer, His and Hers Closets, Open Floorplan, Pantry, Smart Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Guest Suite, Primary Bathroom -Tub with Separate Shower, Split Bedrooms
Appliances: Dishwasher, Disposal, Dryer, Electric Oven, Freezer, Gas Cooktop, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Washer, Water Softener Owned
Flooring Type: Tile
Laundry Features: Electric Dryer Hookup, Sink, Washer Hookup
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017