Welcome to 39 Magnolia Drive S, a fully renovated second-story,
BRAND NEW AC, maintenance-free condo located within the gated
community of Plantation Bay Golf & Country Club. This move-in-ready
residence showcases beautiful finishes throughout and offers
tranquil golf course views with easy access to community amenities
and gated entry. The spacious family room impresses with soaring
ceilings, laminate flooring, and two sets of sliding glass doors
dressed with custom drapery that open to a large wraparound
screened balcony, creating seamless indoor-outdoor living. The
adjacent dining room continues the laminate flooring and features a
stylish custom light fixture-perfect for everyday living or
entertaining. The fully renovated kitchen is both functional and
stylish, featuring tile flooring, a tile backsplash, all-wood
soft-close cabinetry, granite countertops, and a full suite of
stainless-steel appliances. A laundry closet is conveniently
located just off the kitchen and includes cabinetry and storage
shelving. The primary suite offers laminate flooring, two closets,
and sliding doors leading directly to the screened lanai, all
enhanced with custom drapery. A barn door opens to the renovated
en-suite bath, complete with a quartz vanity, tiled tub/shower
combo, walk-in shower with rainfall showerhead, and tile extending
to the ceiling. The second bedroom is light and bright with
laminate flooring and sliding doors, and features Jack-and-Jill
access to the second full bath. Bathroom two includes a tile
walk-in shower, quartz countertop vanity, and a closet within the
bathroom. Additional highlights include upstairs unit privacy,
exterior storage closet, covered parking (1 space), Ring doorbell,
water heater (2012), and a maintenance-free lifestyle. All located
in gated, golf cart friendly community of Plantation Bay Golf and
Country Club. Optional amenities available including 45 holes of
golf, new 30 million dollar Founders Clubhouse, 9 tennis courts, 10
pickleball courts, additional Prestwick Clubhouse, Fitness/Spa
center, Resort and Lap Pools with Cabana bar and grill, walking
trails, and full activities calendar. Buyers of this home to
receive a substantial discount on initiation fee at the club. Ask
listing agent for details. Thoughtfully updated and truly turnkey,
this condo is ready for its next owner to enjoy all that Plantation
Bay living has to offer.
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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