Warm contemporary design, impact-windows peace of mind, tranquil
golf course views and a phenomenal location come together in
Penshurst Park, The Meadows' premier maintenance-free enclave. A
canopied street, paver driveway and charming courtyard welcome you
home. Inside, this beautifully updated residence feels light and
open, with high ceilings, abundant natural light, specialty LED
lighting, tall windows and walls of sliders that frame deep golf
course views and a daily parade of birds. The chef's kitchen
impresses with Greystone Cambria quartz countertops, KitchenAid and
Bosch appliances, including a multi-mode wall oven and induction
cooktop and soft-close cabinetry. Relax in the serene and spacious
primary retreat, offering a custom-fitted walk-in closet and a
spa-like bath with dual sinks, a soaking tub and a generous Roman
shower. All just 300 feet from the heated community pool, near
nature trails and all the fun The Meadows has to offer. The Meadows
is a sought-after 1,600-acre park-like community just 15 minutes
from downtown. Residents enjoy 14 miles of scenic trails and access
to a fitness center, a junior Olympic pool, pickleball, golf and
Har-Tru tennis. You'll also be minutes from award-winning beaches,
vibrant arts and culture, Whole Foods, Trader Joe's, Nathan
Benderson Park, the Legacy Trail, Mote SEA Aquarium, the future
Sarasota Orchestra Music Center and University Town Center's
shopping, dining and entertainment. A fabulous Florida lifestyle
awaits! The residence features 2021 PGT hurricane windows and
doors, a 2015 16 SEER air conditioner with an air purifier, a 2005
tile roof, which is the HOA's responsibility, a whole-house surge
protector and is above flood plain in Zone X.
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.
Interior Features: Cathedral Ceiling(s), Ceiling Fan(s), High Ceilings, Open Floorplan, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Eating Space In Kitchen, Living Room/Dining Room Combo, Split Bedroom, Window Treatments
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer
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