Experience Resort-Style living in The Cascades, one of Port St.
Lucie's premier Gated 55+ communities! Situated on a peaceful
Lakefront lot, this beautifully maintained 3-bedroom, 2-bath home
offers an open, light-filled floor plan with soaring ceilings,
elegant architectural details, and tranquil water views. The
spacious kitchen features granite countertops, abundant cabinetry,
a natural gas range, and a breakfast nook overlooking the main
living areas. The generous primary suite includes dual vanities, a
soaking tub, separate shower, and spacious walk-in closet. Relax or
entertain year-round on the covered, screened lanai with a natural
gas hookup perfect for grilling while enjoying the serene lake
setting. Additional highlights include a barrel tile roof, paver
driveway, crown molding tile flooring throughout the main living
areas, indoor laundry room, and a two-car garage. Residents enjoy
an award-winning clubhouse featuring a resort-style pool and spa,
fitness center, ballroom, tennis, pickleball, bocce, library,
billiards, and an active social calendar. Conveniently located near
shopping, dining, medical facilities, golf, and I-95, this home
offers the best of Florida living.
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017