Under contract-accepting backup offers. Welcome to Deer Creek, one
of Palmer Ranch's most desirable gated communities, where lush
landscaping, beautiful lakes, mature trees, and peaceful preserves
create an exceptional setting. Striking curb appeal and
contemporary elegance welcome you into this beautifully updated
3-bedroom, 2.5-bath home with a private office, nestled on a lushly
landscaped 1/3-acre lot. The open, airy floor plan is filled with
natural light and features a stunning remodeled fireplace, a
redesigned kitchen with sleek Bosch appliances and induction
cooking, and beautifully modernized bathrooms with glass-enclosed
showers and a luxurious primary bath with soaking tub.
Step outside to your own private tropical retreat, where a
sparkling 5,000-gallon saltwater heated pool, gorgeous travertine
lanai, and thoughtfully designed landscape lighting create an
enchanting setting for relaxing or entertaining. The peaceful,
secluded backyard is a true escape!
Impressive upgrades include hurricane-impact windows and doors,
luxury vinyl plank flooring newer HVAC and exterior paint, an
epoxy-finished garage floor with two electric vehicle charging
stations, and a modified electrical panel for a propane-powered
portable generator. A convenient and impressive outdoor grilling
station completes the lanai.
Enjoy the best of Sarasota living with the Legacy Trail, YMCA,
exciting Sarasota Square Mall redevelopment, and the world-famous
Siesta Key Beach just minutes away. Modern sophistication,
exceptional privacy, and an unbeatable location - this is Florida
living at its finest!
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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