3241 DOWNS COVE ROAD
About This Property
Welcome to 3241 Downs Cove Road, a beautifully designed 3-bedroom, 2-bathroom multi-level home nestled in the heart of Windermere. This spacious property offers both style and versatility, perfect for families, remote professionals, or anyone seeking extra space to live and entertain.
The main living area features an inviting open layout with abundant natural light and a cozy fireplace-ideal for relaxing evenings at home. A well-appointed kitchen connects seamlessly to the dining space, making it great for both casual meals and formal gatherings.
Upstairs, you'll find three generously sized bedrooms including a comfortable primary suite. Downstairs, a large bonus room and a dedicated office provide flexible space for a home gym, media room, or work-from-home setup.
Step outside to enjoy the private backyard-perfect for outdoor entertaining or simply enjoying Florida's sunshine. Located in a quiet, established neighborhood with easy access to top-rated schools, local dining, shopping, and major roadways. Worry free enhancements include a brand new septic and drain field system.
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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 |
|---|---|---|---|
| Jan 20, 2026 | Sold | ||
| Sold | |||
| Nov 22, 2025 | In contract | - | |
| In contract | |||
| Oct 21, 2025 | Price Decreased |
$700,000
↓ $25K
(3.5%) | |
| Price Decreased | |||
| Aug 20, 2025 | Relisted | $725,000 | |
| Relisted | |||
| May 26, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017