Under contract-accepting backup offers. Discover the opportunity to
own a beautifully maintained waterfront pool home in the coveted
Isles of Chestnut Creek. This residence features a bright, open
floor plan with soaring ceilings, an airy ambiance, abundant
natural light, and panoramic views of the sparkling heated pool and
tranquil water in one of Venice's most desirable neighborhoods. A
screened front entry and double glass front doors create an
inviting introduction to this thoughtfully designed home. A split
floor plan provides guest privacy, while the spacious primary suite
is set at the rear of the home with two walk-in closets, an
en-suite bath with a separate water closet, a large walk-in shower,
double sinks, and a makeup vanity. An arched entry leads to a
spacious guest bedroom and second bath. Double entry doors provide
a perfect entry to the den/bedroom 3. At the center of this
well-designed home is an expansive great room, a formal dining
room, and a cozy breakfast area. The spacious kitchen offers
abundant counter space and a large pantry, and is centrally located
for convenient access to both dining areas. Hurricane Rated Sliding
glass doors from the great room and primary suite lead to the
spacious covered, screened lanai with a paver deck and a sparkling
heated pool, offering a perfect space to relax and enjoy the
Florida lifestyle overlooking the tranquil lake. The laundry
room features cabinets, a laundry tub, and direct access to a 2-car
garage. Upgrades include Hurricane windows on all large
windows and doors, an updated Pool Screen with no-seeum screen, a
Panoramic screen view, and more. Isles of Chestnut Creek is a
maintenance-free, deed-restricted community with amenities
including a Clubhouse, a heated pool, and outdoor courts for
tennis, pickleball, and shuffleboard. Located in the Master
Community of Chestnut Creek Estate, which features tree-lined
streets, lakes, and walking paths around the scenic central Circle
Lake. Conveniently located just off Center Road, with easy
access to Venice Island, Gulf Beaches, and the shopping, dining,
golf courses, and entertainment offered in the Venice area.
This is an Opportunity you don't want to miss!
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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