1
Map
$325,000
●
House -
In Contract
388 CASTLE DRIVE
LAKE ALFRED, FL 33850
3 Beds
2 Baths
1,695 Ft²
$1,626
Est. Monthly
$29
HOA / Fees
About This Property
Under Construction. Brand new, energy-efficient home available by
Nov 2026! Welcome home to a thoughtfully designed layout with
flexible spaces for the way you live. Transform the front flex room
into a private home office or creative hobby space. Beyond the
foyer, the open kitchen flows seamlessly into the dining area,
great room, and outdoor patio, while the private primary suite
offers a spacious retreat to relax and recharge. Now selling,
Springs at Lake Alfred Signature Series offers new single-family
homes in Polk County. This community features an abundance of
amenities including a pool and cabana, walking trails, a sports
field, parks, and a tot lot. Schedule a tour, today. Each of
our homes is built with innovative, energy-efficient features
designed to help you enjoy more savings, better health, real
comfort and peace of mind.
Unit Size
1,695 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$192
Property Type
House
Property Taxes
$0
HOA Dues
$29
Year Built
-
Listed By
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 13 days ago (Stellar MLS #TB8557855)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2026 | In contract | - | |
| In contract | |||
| Oct 22, 2026 | Listed by MERITAGE HOMES OF FL REALTY | $325,000 | |
| Listed by MERITAGE HOMES OF FL REALTY | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Driveway, Garage Door Opener
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Open Floorplan, Stone Counters, Walk-In Closet(s), Kitchen/Family Room Combo, Thermostat
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Flooring Type: Carpet, Ceramic Tile
Door Features: Sliding Doors
Laundry Features: Inside
Rooms: 6
Exterior Details
Square Footage: 1695
Square Footage Source: $0
Security Features: Security System, Security System Owned, Smoke Detector(s)
Property Condition: Under Construction
Architectural Style: Florida
Year Built: 2026
Builder Name: Meritage Homes
Builder Model: Daphne
Building Area Total: 2141
Levels: One
Building Area Units: Square Feet
Window Features: Blinds
Construction Materials: Block, Cement Siding, Stucco, Wood Siding
Patio and Porch Features: Front Porch, Patio
Lot Size Area: 5750
Lot Size Units: Square Feet
Lot Size Acres: 0.14
Lot Size Square Feet: 5750
Lot Size Dimensions: 50 x 115
Tax Lot: 0164
Water Source: Public
Financial Details
Tax Annual Amount: $1
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Exhaust Fan, Heat Pump
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Internet, Community Pool, Other, Pool Maintenance, Recreational Facilities
HOA/Condo/Coop Amenities: Clubhouse, Park, Playground, Pool, Pickleball Court(s)
HOA Fee: $350
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Lake Alfred
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Listed by: Bryan Sumner
MERITAGE HOMES OF FL REALTY
Last Updated: 13 days ago
Data Source: Stellar MLS, MLS# TB8557855
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
MERITAGE HOMES OF FL REALTY
Last Updated: 13 days ago
Data Source: Stellar MLS, MLS# TB8557855
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017