Are you searching for a home with expansive, unobstructed views of
the lake and golf course, framed by lush tropical landscaping and
designed for elevated coastal living? In the desirable Runaway Bay
enclave of Fiddler's Creek, this rarely available, two-story
Lantana floor plan offers a spacious and refined lifestyle with
four bedrooms, two dens, a family room, a bonus room that can serve
as a fifth bedroom, three full baths and two half baths. This
gracious single-family residence includes a side-entry three-car
garage with epoxy flooring, a tankless water heater, all
impact-resistant doors and windows, and a two-zone HVAC system for
optimal comfort. A wide brick-paved driveway leads to a welcoming
entrance, where travertine flooring spans the main level and is
accented by tray ceilings, crown molding and arched walkways. The
gourmet kitchen is a standout, featuring a center island, bar
seating, pantry, tile backsplash, recessed lighting and stainless
steel appliances, including a natural gas range with hood, built-in
microwave, wall oven, dishwasher and a French-door refrigerator
with icemaker. The kitchen opens to the family room and breakfast
area, where a large corner window frames peaceful views of the
lanai and pool. Adjacent, the living room transitions seamlessly to
the screened outdoor space through sliding glass doors, creating an
indoor-outdoor living experience. The formal dining room provides a
sophisticated setting for entertaining. Go outside to the private
lanai, a retreat with a heated pool and spa, and a tranquil
waterfall feature. The outdoor kitchen includes a stainless steel
grill, mini refrigerator, sink and convenient pool bath, all within
a picture screen enclosure that maximizes spectacular views. A den
with French doors on the main level offers flexibility for a
private office or study. The primary suite is a sanctuary, offering
serene views, lanai access, dual walk-in closets, and a luxurious
en-suite bath with dual vanities, full-width mirrors, a walk-in
shower and a separate soaking tub. A wooden staircase leads to the
upper level, where three guest bedrooms and a flexible bonus room
await. This upper bonus room, with a kitchenette and balcony access
overlooking the lake and golf course, can function as a media room,
game room or fifth bedroom. Two additional baths serve the upstairs
rooms, one with dual vanities and a walk-in shower, the other with
a shower-tub combination. A second den, thoughtfully designed above
the foyer in 2021, offers an additional private office or flex
space. Completing the home is a well-equipped laundry room with
washer, dryer, utility sink and upper cabinetry. Enjoy exclusive
access to the award-winning Club & Spa with resort-style pools,
fine/casual dining, a state-of-the-art fitness center, spa, sauna,
tennis, pickleball, bocce and a full calendar of social activities.
Optional memberships are available.
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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