3824 GAINES DRIVE
About This Property
Commanding attention from the moment you arrive, the home features an elevated facade and dramatic dual staircase leading to an impressive open-concept great room with 28-foot ceilings, a full wall of glass, and sweeping panoramic lake views. Light-filled living spaces include a sunken formal living room with wood-burning fireplace, an expansive lower-level great room anchored by a suspended granite table, and a private media lounge opening to a peaceful courtyard.
The chef-inspired kitchen is a showpiece of modern design with stainless-steel counters, frosted glass cabinetry, bar seating for twelve, and high-end Miele appliances-including dual dishwashers and an integrated espresso system. A 260-gallon saltwater aquarium and a fiber-optic starlit ceiling elevate the ambiance, all seamlessly integrated with the home's smart automation system.
Two primary suites-one on each level-feature spa-like baths and uninterrupted lake views. Additional guest suites include two private en-suite bedrooms and two connected by a stylish Jack-and-Jill bath. A seventh bedroom captures extraordinary water vistas, while an office/den provides flexibility for an eighth bedroom, playroom, or multigenerational living.
The outdoor spaces rival a private resort, featuring a lakefront pool and spa, sandy shoreline, and a newly built summer kitchen with grill, pizza oven, kegerator, and sink. The private dock and boathouse offer an electric boat lift, dual jet ski lifts, and large sun deck-perfect for exploring the Chain's 20+ lakes, waterfront dining, and seasonal LEGOLAND fireworks.
Additional features include a two-car garage, dual carports for four vehicles, and an expansive paver drive. Recent updates include a new roof (2023), updated A/C units, and dual water heaters (2019).
Ideally situated between Tampa and Orlando, this Lake Eloise estate delivers world-class waterfront living, bold architectural design, and a lifestyle unmatched anywhere else on the Winter Haven Chain of Lakes.
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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 |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Jan 29, 2026 | In contract | - | |
| In contract | |||
| Jan 12, 2026 | Price Decreased |
$1,499,000
↓ $50K
(3.2%) | |
| Price Decreased | |||
| Dec 11, 2025 | Price Decreased |
$1,549,000
↓ $26K
(1.7%) | |
| Price Decreased | |||
| Oct 14, 2025 | Listed by THE STONES REAL ESTATE FIRM | $1,575,000 | |
| Listed by THE STONES REAL ESTATE FIRM | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017