3385 WAUSEON DRIVE
About This Property
Welcome to 3385 Wauseon Drive, a 5-bedroom, 3-bath waterfront home located in Hanover Lakes, one of St. Cloud's boating communities with direct canal access to Alligator Lake. Offering over 2,600 square feet of living space and a 3-car garage with an upgraded epoxy-coated garagefloor, fenced yard, motorized screen for the lenai, this property combines spacious living with access to Florida's outdoor lifestyle.
Positioned on a canal-front homesite, the home enjoys water views from the rear and conservation views from the front. Hanover Lakes features a community boat lift system that provides residents with access from the canal system to Alligator Lake, creating opportunities for boating, fishing, kayaking, and exploring the surrounding waterways.
Inside, the open-concept floor plan is designed for both everyday living and entertaining. The kitchen features quartz countertops with generous cabinet and counter space. Engineered hardwood flooring extends throughout the main living areas, while the family room showcases a coffered ceiling and triple sliding glass doors that open to the covered lanai overlooking the water.
The primary suite is located on the main level and offers canal views, dual vanities, a spacious walk-in shower, private water closet, and an oversized walk-in closet. An upstairs bonus suite provides flexible living space that can be utilized as a guest retreat, home office, media room, playroom, or additional living area.
Residents of Hanover Lakes enjoy access to a resort-style swimming pool, boat lift, community boat access, and neighborhood amenities designed to complement the waterfront setting.
This home offers the opportunity to enjoy waterfront living while remaining connected to everything in Central Florida.
Whether you're relocating to Central Florida, searching for a waterfront home in St. Cloud, or looking for a property that offers boating access and spacious living, 3385 Wauseon Drive presents a unique opportunity to enjoy life on the water.
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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 |
|---|---|---|---|
| Sep 21, 2026 | Relisted | $499,999 | |
| Relisted | |||
| Sep 11, 2026 | In contract | - | |
| In contract | |||
| Aug 23, 2026 | Price Decreased |
$499,999
↓ $19K
(3.7%) | |
| Price Decreased | |||
| Jun 18, 2026 | Listed by THE AGENCY FL | $519,000 | |
| Listed by THE AGENCY FL | |||
| Apr 19, 2026 | Listed by LPT REALTY, LLC | $529,000 | |
| Listed by LPT REALTY, LLC | |||
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Welcome to Hanover Lakes! This stunning 5-bedroom, 3-bath home offers the perfect blend of comfort and style, highlighted by breathtaking lake views. Thoughtfully upgraded throughout, the property features spacious living areas, modern finishes, and an abundance of natural light. Enjoy serene waterfront living with a home designed for both relaxation and entertaining. A true gem in one of the area’s most desirable communities!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017