3440 Pine Valley DRIVE
About This Property
Upon entering, you are greeted by the beautifully restored terrazzo flooring that runs throughout the home, harmoniously paired with new carpeting in the primary suite. The freshly painted interiors and exteriors exude a fresh, contemporary vibe while paying homage to the home's original 1960 design with meticulously replastered walls and ceilings.
The kitchen is a chef's dream, featuring brand new, top-of-the-line appliances, including a WiFi-enabled oven, ensuring both style and functionality. Adjacent, the spacious indoor laundry room offers convenience with a new washer and dryer.
The living area seamlessly transitions to a large, screened lanai where you can unwind and enjoy the picturesque views of the mature landscaping and the golf course beyond. The backyard, expansive and serene, is perfect for outdoor activities and has ample space to accommodate a pool. A private well ensures efficient irrigation for the lush greenery and fruit trees that adorn the property.
Modern upgrades include impact windows and pocket French doors, a new roof, gutters, and re-tiled bathrooms with chic vanities and fixtures, all completed in 2024. The home is also equipped with new outdoor lighting, enhancing its charming Old Florida ambiance during the evening hours.
Located in a quiet neighborhood with friendly neighbors, this home offers the perfect blend of privacy and community. Optional membership to The Palms Golf Club and a voluntary HOA provide flexibility for golf enthusiasts and those seeking a peaceful retreat.
Don't miss the opportunity to own a piece of Forest Lakes' charm, where classic elegance meets modern sophistication. This home is a true sanctuary, offering a perfect blend of indoor and outdoor living in a premier Sarasota location. Make this dream home yours today!
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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.
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About Forest Lakes Country Club Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017