4040 CASCADE FALLS DRIVE
About This Property
The living and dining carpeted areas provide a generous layout perfect for relaxing or entertaining. Enjoy views of the spacious screened lanai and lake views through two large sliders. The screened lanai is perfect for enjoying beautiful Florida weather. A versatile carpeted office/den with double-door entry adds flexibility for hobbies or guests. The eat-in kitchen offers a gas range, refrigerator, ample cabinetry, breakfast bar, pantry and easy-care tile flooring.
The primary ensuite with lake views includes a well-sized bedroom with sliding doors overlooking the lanai. You get a walk-in closet and regular closet. The primary bathroom has higher dual sink vanity counters, linen storage, and an upgraded deep-soaking tub for a spa-like retreat. The guest bedroom features a regular closet and cozy carpeting. Guest bath includes a single sink and tub/ shower combination with updated fixtures.
All the appliances are conveying including the washer and dryer in the laundry area. Lots of storage in this home. Wired for ceiling fans.
The garage is a standout feature with storage lockers, workbench, and hanging racks - perfect for organization and projects. American Home Shield home warranty transfers to the new owner.
A wonderful opportunity to enjoy low-maintenance living in this active 55+ community. Lakeridge Falls is a 24 hour-guard gated community. It offers an updated clubhouse with grand salon for a full array of activities, state-of-art fitness center, card room, billiards room, resort style heated lap pool and spa, bocce ball courts and its own private sandy beach. Walking trails and beautiful lakes are another of its many attractive features. The community is located conveniently close to shopping at the UTC Mall, restaurants, grocery stores, coffee shops, world awarded beaches and the Sarasota airport. Your next chapter starts here, contact us today to set up a viewing.
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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 |
|---|---|---|---|
| May 28, 2026 | Sold | ||
| Sold | |||
| Apr 14, 2026 | In contract | - | |
| In contract | |||
| Apr 7, 2026 | Price Decreased |
$368,000
↓ $7K
(1.7%) | |
| Price Decreased | |||
| Mar 23, 2026 | Price Decreased |
$374,500
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Mar 19, 2026 | Relisted | $379,900 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017