5037 Cape Hatteras DRIVE
About This Property
UNIQUE WATERFRONT GEM IN TRADDS LANDING - YOUR DREAM HOME AWAITS! Discover an extraordinary opportunity to own a stunning waterfront property in the coveted Tradds Landing community on an oversized lot. This distinctive residence stands out as the sole home in the neighborhood with exclusive access to a private dock extending into the serene Johns Pond. Immerse yourself in the tranquil ambiance as you fish or unwind from your 4'x60' dock, complete with a generous 16'x16' deck. This 4-bedroom + den and 3-bathroom home showcases a thoughtfully designed split floor plan with separate family, living, and dining areas. Experience the epitome of relaxation and privacy in your own haven. The master bedroom boasts an additional 12x11 room, allowing you to customize it to suit your preferences as a den or office space. The 4th bedroom is perfect for use as a separate suite, complete with its own bathroom and convenient pool access. Engineered hardwood floors grace the family, living, dining, and master bedroom, providing a seamless blend of sophistication and comfort. Revel in the expansive pool and oversized deck, creating an ideal setting for entertaining guests or simply enjoying the picturesque water views. Your home will be the go-to destination for memorable gatherings. Numerous enhancements elevate the home's appeal, including a 2021 upgrade to the pool pump, and upgraded roof & lanai screens in 2023 and in 2017 an upgrade to the A/C and air handler. The community of Tradd's Landing offers a swimming pool, playground, and dock. The location is central off of US-27, easy to get to all Central Florida has to offer! Call us for a private showing today! Bedroom Closet Type: Walk-in Closet (Primary Bedroom).
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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%.
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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.
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About Citrus Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017