3875 GRASSLAND LOOP
About This Property
A circular brick paver driveway provides ample parking and leads to two separate screened outdoor living areas. The front courtyard offers a private, fully screened space with brick pavers, while the backyard is centered around a 40-foot natural gas heated saltwater pool enclosed by an oversized screen for added privacy. Travertine pavers surround the pool and extend beneath the covered lanai, which includes a custom summer kitchen with Quartzite countertops, natural gas grill, outdoor refrigerator, and an electric shade with integrated LED lighting.
Inside, high ceilings and 10-foot sliding glass doors create a bright, open feel while enhancing indoor-outdoor flow. Electronic shades allow for flexible light control throughout the main living areas. The kitchen features an oversized island, 42-inch GE Monogram built-in refrigerator, Monogram oven, natural gas cooktop, microwave convection combo, and a built-in custom ice maker.
The primary suite is located at the rear of the home with views of the pool and includes a sitting area, dual vanities, walk-in shower, and a custom walk-in closet. A separate guest suite near the front of the home offers an ensuite bathroom and walk-in closet, providing privacy for visitors.
Additional features include an oversized laundry room with storage, aluminum-fenced yard with privacy hedge, and a whole-home exterior camera system.
Steeple Chase features a landscaped, gated entrance, mature trees, ponds, pocket parks, and views of Lake Linden. Residents enjoy direct access to the Seminole Wekiva Trail and convenient proximity to Lake Mary shopping, dining, entertainment, and major employment centers.
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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 |
|---|---|---|---|
| Mar 13, 2026 | Sold | ||
| Sold | |||
| Feb 10, 2026 | In contract | - | |
| In contract | |||
| Jan 29, 2026 | Price Decreased |
$1,350,000
↓ $49K
(3.5%) | |
| Price Decreased | |||
| Jan 7, 2026 | Listed by PALMANO GROUP RE BROKERAGE LLC | $1,399,000 | |
| Listed by PALMANO GROUP RE BROKERAGE LLC | |||
| May 31, 2025 | Price Decreased |
$1,374,000
↓ $75K
(5.2%) | |
| Price Decreased | |||
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About Seminole
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017