Tucked within Lansing Loop, a private enclave inside the Meadows of
Estero, this first-floor Falcon residence enjoys a setting that is
difficult to replicate, with no building directly across the front
elevation and lake views from the rear lanai, where a fountain
plays against a backdrop of mature tropical landscaping. Over 2,000
square feet under air unfolds beneath nearly ten-foot ceilings,
with two bedrooms plus a den that functions comfortably as a third
bedroom, two and a half baths, and a two-car attached garage.
Meticulously maintained and upgraded throughout, the home is suited
to the most discerning of buyers. The kitchen anchors the interior
with crisp white cabinetry, a stainless steel appliance package, a
custom glass backsplash, and updated countertops, and the original
two-level breakfast bar was removed in favor of a single
counter-height run that opens the kitchen fully to the great room
and creates a wide-open flow the original plan never had. Bay
windows in the adjacent kitchenette fill the space with natural
light, softened by plantation shutters. Tile runs throughout the
main living area, carpet was just installed in both bedrooms and
the den, and custom paint, crown molding, and upgraded LED lighting
carry the same attention to detail through the residence. The
owner's bath features dual sinks, a Roman soaker tub, and a
separate walk-in shower, while the guest suite lives as a true
junior master with its own full en-suite bath and walk-in closet,
and a powder bath serves guests and the main living area. An
oversized laundry room with a utility sink and additional storage
cabinetry adds function rarely found at this size. The screened
lanai stretches more than twenty-three feet across overlooking the
water and is accessible from three separate points, through sliders
in the owner's suite, sliders in the main living area, and a French
door off the kitchenette. Accordion hurricane shutters provide
storm protection and peace of mind. The Meadows of Estero remains
one of the area's true hidden gems, a maintenance-free community
that recently completed a full exterior revitalization at no cost
to owners, including fresh exterior paint and new flat tile roofs
that gave the community a distinctly modern profile. Amenities
include a heated swimming pool, fitness center, billiards room, and
an active social calendar, and the $2,022 quarterly condo fee
covers water, cable, and high-speed internet. Furnishings are
negotiable, allowing interested buyers the option of a smooth
transition into the home with furnishings already in place.
Positioned west of US-41 and south of Corkscrew Road in a location
carrying no flood zone designation, an increasingly rare
combination in Southwest Florida, the community sits minutes from
Coconut Point, Miromar Outlets, and the Gulf beaches of Southwest
Florida.
Unit Size
2,011 Ft²
Days on Market
35 days
Land Size
0.32 acres
Price per sqft
$209
Property Type
Condo
Property Taxes
$349
HOA Dues
$2,022
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
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