Under contract-accepting backup offers. Welcome to this beautifully
maintained 4 bedroom, 2 bathroom home in The Fountains at Cypress
Lakes where comfortable living meets timeless style. An inviting
open-concept floor plan, soaring vaulted ceilings and abundant
natural light create a bright and airy atmosphere throughout.
Ceramic tile flooring extends throughout the home offering a
cohesive look and easy-care convenience. The stunning remodeled
kitchen serves as the heart of the home featuring gorgeous granite
countertops, a stylish tile backsplash, a stainless steel
undermount sink, refaced cabinetry and a convenient pantry closet.
The spacious living area showcases a fireplace converted to
electric adding a cozy touch to the home's welcoming ambiance. Both
bathrooms were remodeled in 2015 and thoughtful improvements
include HVAC replacement in 2022, stainless steel appliances
installed in 2019, hurricane-impact windows installed in 2019 and
fresh exterior paint in 2026. A new roof is scheduled for
installation in October 2026. Additional highlights include new
ceiling fans, abundant storage, linen closets, an irrigation system
utilizing reclaimed water and an inviting screened-in back patio
with attractive paver flooring. The screened lanai is an ideal
setting for morning coffee, outdoor dining or relaxing evenings.
The driveway and patio pavers were installed in 2008, adding to the
home's established outdoor appeal. Located in Flood Zone X, this
property offers added peace of mind and flood insurance is
generally not required by lenders for financed purchases in this
zone. Perfectly positioned in the heart of Tampa Bay, The Fountains
at Cypress Lakes offers convenient access to Tampa, St. Petersburg,
the beautiful Gulf beaches and Tampa International Airport while
providing a peaceful, nature-inspired community setting. Forest
Lakes elementary school is conveniently located directly across the
street from the neighborhood which is a highly rated elementary
school that boasts an A rating and ranks among the top public
elementary schools in Pinellas County. Enjoy nearby
shopping, exceptional dining and outdoor recreation at Bicentennial
Park, R.E. Olds Park and Veterans Memorial Park all within just a
few miles. Combining a desirable location, inviting indoor and
outdoor living spaces and numerous valuable updates, this home is a
wonderful opportunity to enjoy the best of the Tampa Bay lifestyle!
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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