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3963 Morning Dew Drive
About This Property
This particular home is positioned in a desirable section of Yellow River Ranch known for its larger homes and spacious surroundings. Originally built by Truland Homes, the property showcases many of the upgraded finishes and thoughtful design features associated with their construction before the community transitioned to some other builder options.
One of the most impressive features of this property is the sense of openness surrounding the home. From the covered front porch, enjoy peaceful views across one of the neighborhood ponds with generous green space separating the home from the properties across the way. The setting becomes especially beautiful in the evenings as the sun sets toward the pond and reflects across the water. Behind the home, additional separation from neighboring properties creates an equally open and private feel. Just beyond this section of the community, the nearby Yellow River conservation area further contributes to the natural landscape and greenery surrounding the neighborhood. (continue reading) Inside, the home offers a spacious open-concept, split-bedroom floor plan designed to feel bright and inviting. Approximately 13-foot ceilings in the main living area create an impressive sense of volume, while oversized windows throughout the home bring in an abundance of natural light and capture views of the surrounding pond and green space. Many of the windows extend low toward the floor, enhancing the open feel while their reflective exterior appearance provides additional daytime privacy.
Luxury vinyl plank flooring flows throughout much of the home, including one of the pond-facing bedrooms, complemented by granite countertops and tile finishes in the bathrooms. The kitchen is equipped with a gas range and dedicated vented range hood, while additional features include a double vanity, tankless water heater, and a dedicated laundry room with utility sink.
For today's connected lifestyle, the home also includes a structured networking panel and Cat5 networking drops to multiple rooms.
Outdoor living is equally inviting with both covered front and rear porches thoughtfully recessed into the architecture of the home, creating a more private and protected setting. Tall porch ceilings and architectural details lend a beautiful farmhouse-inspired feel, while the spacious backyard provides plenty of room for outdoor activities and play while remaining easily visible from inside the home.
The combination of pond views, expansive green space, oversized windows, covered porches, and generous separation from neighboring homes gives this property a level of privacy and openness that truly sets it apart within Yellow River Ranch.
The home has also been consistently cared for with professional service companies, including regular HVAC maintenance, professional pest control, termite protection/bond, and monthly professional deep cleaning. As an added benefit, the current year's HOA dues have already been paid by the seller.
This is a wonderful opportunity to enjoy a beautifully maintained Truland-built home in one of Yellow River Ranch's most scenic and spacious settings.
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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 22, 2026 | Listed by Keller Williams Realty Navarre | $455,000 | |
| Listed by Keller Williams Realty Navarre | |||
| Jan 30, 2024 | No longer available | - | |
| No longer available | |||
| Jan 24, 2024 | Price Increased |
$410,900
↑ $1K
(0.2%) | |
| Price Increased | |||
| Jan 6, 2024 | Price Decreased |
$409,900
↓ $2K
(0.5%) | |
| Price Decreased | |||
| Dec 29, 2023 | Price Increased |
$411,900
↑ $2K
(0.5%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017