49
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3589 JERICHO DRIVE
About This Property
WATERFRONT • LAKE ACCESS • ALMOST ½ ACRE • POOL HOME! County owned industrial seawall
Welcome to Howell Cove, where waterfront living meets everyday luxury! This one-of-a-kind property sits on an incredible nearly half-acre lot with direct access to beautiful Howell Creek, leading through majestic cypress trees to the exclusive 401-acre Lake Howell. Whether you enjoy fishing, kayaking, paddleboarding, boating, or simply relaxing on the water, this is the Florida lifestyle you've been dreaming of!
From the moment you arrive, you'll be captivated by the home's outstanding curb appeal, meticulously manicured landscaping, and welcoming presence. Inside, you'll discover a beautifully updated home featuring wood-style flooring, knockdown ceilings, recessed lighting, remodeled bathrooms with granite countertops, and spacious living areas designed for comfort and entertaining.
The chef's kitchen is a showstopper with granite countertops, a 5-burner gas range, high-volume exterior vent hood, and updated appliances (2018). The inviting family room features a cozy wood-burning fireplace, custom built-in home theater cabinetry, and a convenient dry bar.
Step outside to your own private paradise! The oversized 19' x 20' screened lanai overlooks a sparkling swimming pool and an expansive backyard perfect for entertaining family and friends. Relax under the 9' x 21' pavilion, launch your kayak from the 8' x 20' Trex dock, or enjoy the peaceful waterfront setting that makes this property truly special.
Additional features include:
4 Bedrooms, 2 Bathrooms
Spacious primary suite with walk-in closet
New roof (2022) with transferable warranty and skylights
Trane heat pump (2020) & Carrier heat pump (2022)
New gas water heater (2019)
PEX whole-house re-pipe with manifold
Whole-house water filtration system
Wired security camera system
Pool with variable-speed pump
Lake-fed irrigation system
Fenced backyard
10' x 14' finished air-conditioned shed
10' x 20' workshop with electricity
The location is just as impressive! Situated directly across from Red Bug Lake Park, you're only minutes from Walmart Neighborhood Market and approximately 20 minutes from both Winter Park and the University of Central Florida.
Properties offering this combination of waterfront living, private lake access, premium upgrades, outdoor amenities, and an unbeatable location are incredibly rare. Don't miss your opportunity to own this exceptional Florida waterfront retreat-schedule your private showing 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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 27, 2026 | In contract | - | |
| In contract | |||
| Sep 10, 2026 | Price Decreased |
$699,900
↓ $9K
(1.3%) | |
| Price Decreased | |||
| Aug 27, 2026 | Price Decreased |
$709,000
↓ $11K
(1.5%) | |
| Price Decreased | |||
| Jul 30, 2026 | Listed by INVESTOR'S REAL ESTATE LLC | $719,900 | |
| Listed by INVESTOR'S REAL ESTATE LLC | |||
| Apr 11, 2017 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017