Virtually Staged. Welcome to this beautiful waterfront home in the
highly desirable Gulf Trace community. Situated on a spacious lot,
this 1,715 sq ft residence offers stunning lake views and the
relaxed Florida lifestyle you've been searching for. The layout
features 2 bedrooms, 2 baths, and a flexible office space that can
easily be converted into a third bedroom for additional living
space. Beautifully updated, this Rutenberg-built quality
construction home boasts all new appliances still in the wrapper,
new luxury laminate flooring throughout, and premium granite
countertops. Step outside to enjoy the beautiful waterfront views
and an outdoor kitchen equipped with a Jenn-Air grill. Residents
will appreciate a low mandatory HOA of only $40/month. Conveniently
located near shopping, dining, golf, parks, fishing, and top-rated
schools. Best of all, you're just a short 30-minute drive from the
pristine beaches and natural beauty of Honeymoon Island, one of
Florida's most treasured coastal destinations. Don't miss this
opportunity to own a beautifully updated waterfront home at an
incredible value.
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: Driveway, Garage Door Opener, Ground Level
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, High Ceilings, Stone Counters, Walk-In Closet(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor
Appliances: Oven, Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Water Purifier, Water Purifier, Water Softener
Flooring Type: Laminate, Tile
Laundry Features: Electric Dryer Hookup, Inside, Washer Hookup
Rooms: 9
Has Fireplace
Fireplace Features: Family Room
Exterior Details
Square Footage: 1715
Square Footage Source: $0
Security Features: Fire Alarm, Security System
Architectural Style: Mediterranean
Year Built: 1986
Waterfront Features: Lake Front, Waterfront, Lake Front
Builder Name: Rutenberg
Building Area Total: 1715
Levels: One
Other Structures: Outdoor Kitchen
Building Area Units: Square Feet
Window Features: Blinds
Construction Materials: Block, Stucco
Patio and Porch Features: Covered, Enclosed, Patio, Porch, Rear Porch
Lot Features: City Lot, Landscaped, Level, Sidewalk
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