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3490 ESPO DRIVE
About This Property
Welcome to 3490 Espo Drive in the peaceful countryside of Mulberry - a beautifully maintained four-bedroom, two-bathroom home situated on an expansive 1.03-acre lot offering the perfect blend of privacy, space, and convenience. Surrounded by mature oak trees that provide incredible shade and a picturesque setting, this property delivers the relaxed Florida lifestyle while still being just a short drive from Lakeland shopping, dining, and entertainment. As you enter the home, you'll immediately notice the updated luxury vinyl plank flooring flowing throughout the interior along with fresh interior paint, creating a clean and rustic feel throughout the living spaces. The functional layout offers four spacious bedrooms and two bathrooms designed for comfortable everyday living. The kitchen connects to the large dining/living room that creates a perfect space for family and friends. Stepping outside, the property truly shines with endless opportunities for entertaining and enjoying the outdoors. The oversized fenced backyard features a custom-built fire pit area perfect for gatherings, while the large 1.03-acre lot provides plenty of room for pets, recreation, and future possibilities. A storage shed offers additional space for tools and equipment, and the oversized two-vehicle carport provides covered parking and convenience. If you've been searching for a property with space, privacy, shade-filled outdoor living, and easy access to both Mulberry and Lakeland, this home is a must-see.
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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 |
|---|---|---|---|
| Aug 7, 2026 | Sold | ||
| Sold | |||
| Jul 1, 2026 | In contract | - | |
| In contract | |||
| Jun 27, 2026 | Price Decreased |
$214,900
↓ $10K
(4.5%) | |
| Price Decreased | |||
| Jun 23, 2026 | Relisted | $224,900 | |
| Relisted | |||
| Jun 10, 2026 | In contract | - | |
| In contract | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Willow Oak
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017