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3944 LEMA DRIVE
About This Property
The expansive living room showcases views of the sparkling screened pool and outdoor entertaining area through a triple-wide set of French doors. Enjoy Florida living at its finest with a 34-foot covered lanai, screened pool enclosure, and private vinyl-fenced backyard. Major updates completed in 2022 include a new roof, HVAC system, water heater, and pool pump for added peace of mind.
The thoughtfully designed split-bedroom floor plan offers generous room sizes throughout. The formal dining room features elegant tray ceilings, while the gourmet kitchen boasts granite countertops, stainless steel appliances, and an oversized walk-in pantry. Bedroom 2 includes a large walk-in closet, and the guest bath provides convenient access to the pool area.
Privately situated on the opposite side of the home, the spacious primary suite features French doors leading to the pool, dual walk-in closets, and a beautifully updated en-suite bath with a garden tub, separate shower, and ample space to relax and unwind.
Additional highlights include an inside laundry room, oversized 3-car garage, and location in a desirable X flood zone-high and dry with no flood insurance required by most lenders. Conveniently located near shopping, dining, medical facilities, and everyday amenities, this home offers the perfect combination of comfort, style, and functionality.
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Room measurements are approximate. All information is deemed accurate, but must be verified by the buyer and the buyer's agent
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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 |
|---|---|---|---|
| Sep 12, 2026 | In contract | - | |
| In contract | |||
| Jul 24, 2026 | Price Decreased |
$409,990
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Jun 23, 2026 | Listed by CENTURY 21 CIRCLE | $419,990 | |
| Listed by CENTURY 21 CIRCLE | |||
| Dec 23, 2024 | Sold | ||
| Sold | |||
| Nov 27, 2024 | In contract | - | |
| In contract | |||
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About Spring Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017