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4941 TRADITION DRIVE
About This Property
Step inside to discover a floor plan with room for everyone. The formal living and dining rooms provide welcoming spaces for entertaining, while the inviting family room becomes the heart of the home with its warm wood-burning fireplace and relaxing atmosphere. Just beyond, the kitchen is designed to keep everyone connected with a snack bar, sunny dining area, Whirlpool stainless steel appliances (2023), and a Culligan Reverse Osmosis System already in place. Need even more flexibility? The downstairs den/Florida room give you endless options for a home office, playroom, workout space, hobby room, or guest area.
Upstairs, all four bedrooms are thoughtfully positioned together. The spacious primary suite feels like a true retreat with a large walk-in closet, dual sinks, garden tub, separate shower, and one of the standout features of the home - a private balcony overlooking the backyard where you can enjoy peaceful morning coffee or unwind at the end of the day with a beautiful view.
Outside, the lifestyle continues. The large fully fenced backyard offers plenty of room for pets, play, gardening, or future outdoor dreams, while the extended patio is ready for grilling, relaxing, and entertaining under the Florida sunshine. With no rear neighbors, you'll enjoy a more peaceful outdoor setting to make your own.
This home also delivers the peace of mind buyers are looking for with important recent upgrades already completed, including a roof replaced in 2021, updated AC systems in 2020 and 2023, Pella sliding glass door, Precision garage door system, vinyl double-hung Gorell windows, Forever storm doors, and portable gas generator included. PLUS USDA financing is available for this location.
Living in Lakeland means enjoying the perfect Central Florida location with easy access to Tampa and Orlando while still enjoying the charm of a strong local community. Explore downtown Lakeland's restaurants, local events, lakes, parks, and shopping while staying close to major highways for commuting, beaches, sports, and world-famous attractions.
Homes with this much flexibility, updated value, and outdoor space are hard to find - especially with 4 bedrooms plus a den and all the big-ticket updates already done. Come experience everything this Lakeland home has to offer and start your next chapter here!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 6, 2026 | Sold | ||
| Sold | |||
| Jun 14, 2026 | In contract | - | |
| In contract | |||
| May 11, 2026 | Listed by KELLER WILLIAMS SUBURBAN TAMPA | $396,000 | |
| Listed by KELLER WILLIAMS SUBURBAN TAMPA | |||
| Aug 26, 2025 | Price Decreased |
$489,000
↓ $11K
(2.2%) | |
| Price Decreased | |||
| Aug 12, 2025 | Price Decreased |
$499,999
↓ $10K
(2%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017