2938 SUNBITTERN COURT
About This Property
This is your chance to own the most competitively priced lakefront lot in Windermere within a gated community. Nestled in the prestigious enclave of Lake Crescent Reserve at Butler Bay. This exclusive homesite offers unparalleled privacy, nestled between Lake Crescent and a tranquil lagoon, creating the sensation of a private island retreat. A long, winding driveway lined with mature magnolias leads to the expansive buildable homesite, perfectly positioned for breathtaking water views in every direction.
With existing infrastructure in place-including a slab, large pool, boat dock, irrigation system, well, and septic-this property presents a rare opportunity to build your dream estate while significantly reducing construction costs. Enjoy private lakefront living with access to the Butler Chain of Lakes boat ramp, just minutes away.
Located in one of Windermere's most coveted communities, you're just a short golf cart ride to the Windermere Farmers Market, boutique shops, restaurants, and more. Plus, world-class attractions like Disney, Universal, and Winter Garden's historic district are just minutes away.
Seize this opportunity to create a custom luxury estate in one of Central Florida's most exclusive and picturesque settings. Schedule your private tour today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 6, 2025 | Sold | ||
| Sold | |||
| Sep 19, 2025 | In contract | - | |
| In contract | |||
| Sep 5, 2025 | Price Decreased |
$1,275,000
↓ $75K
(5.6%) | |
| Price Decreased | |||
| Jul 18, 2025 | Price Decreased |
$1,350,000
↓ $48K
(3.4%) | |
| Price Decreased | |||
| May 20, 2025 | Price Decreased |
$1,398,000
↓ $52K
(3.6%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
About Butler Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017