Experience the elegance of a home that is virtually new without
stress of the building process. Barely lived in, extensively
upgraded, immaculately maintained and offered negotiable, this
quality-built Gulf Bay Homes Hibiscus floor plan was completed in
2023 and is ready to move in and enjoy. The exceptional
light-filled layout offers four bedrooms plus a den, three full
baths, one half bath and 3,139 square feet under air, with
preferred southern exposure and tranquil lake views. A dramatic
foyer with a coffered shiplap ceiling, engineered oak flooring and
a glass entry door introduces the home's design. The open-concept
great room features a natural gas fireplace with glass tile
surround, custom built-ins, a wet bar with U-Line wine
refrigerator, in-ceiling speakers and pocketing impact-glass
sliders that seamlessly connect to the lanai. Designed for
entertaining, the gourmet kitchen impresses with quartz counters,
custom white cabinetry, under-cabinet lighting and a large graphite
island. Premium appliances include a Bosch Wi-Fi-enabled built-in
refrigerator, double convection ovens, drawer microwave, natural
gas five-burner cooktop and vent hood. A walk-in pantry and Grohe
fixtures complete the space. The primary suite offers lanai access,
two custom walk-in closets and a spa-inspired bath with a
freestanding soaking tub, oversized frameless-glass shower with
floor-to-ceiling tile, dual quartz vanities and premium Grohe and
Toto fixtures. Three guest bedrooms, including a private en suite,
provide comfortable accommodations, while the den is ideal for a
home office or quiet retreat. Florida living takes center stage on
more than 600 square feet of covered lanai space with natural stone
pavers, a soaring wood-accent ceiling, in-ceiling speakers, Bahama
shutters and electric roll-down screens. The fully equipped outdoor
kitchen features a natural gas grill, vent hood, U-Line
refrigerator, granite countertops and sink. The sparkling saltwater
pool and spa with waterfall feature overlook the peaceful lake and
enjoy sun-filled southern exposure. Additional upgrades include
impact-resistant windows and doors, Emtek door hardware, two HVAC
systems, a natural gas tankless water heater, Pentair pool
controls, variable-speed pool pump, natural gas pool heater and
security cameras. A paver driveway, tropical landscaping,
epoxy-finished garage floor and pre-wired 240-volt electric-vehicle
outlet add convenience. Residents of Fiddler's Creek enjoy
award-winning amenities, including a state-of-the-art fitness
center with classes, active tennis and pickleball program with 10
pickleball courts, bocce, spa services, sauna, steam room, fine and
casual dining, a resort-style pool with waterfalls and slides, and
a vibrant social calendar. Miles of beautifully landscaped,
tree-lined sidewalks are ideal for recreation, running and
bicycling. Optional golf, beach and marina memberships complete
this exceptional Southwest Florida 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.
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