5298 MEREDREW LANE
About This Property
Why buy new construction when you can have nearly new without the wait? This home was built in 2024 by Meritage Homes and offers 4 bedrooms, 3 full bathrooms, 2,634 square feet, a 2-car garage, and an exceptional oversized 12,197-square-foot lot-one of the larger lots you'll find in the community.
Step inside to a bright, open floor plan featuring ceramic tile throughout the main living areas, a spacious kitchen with white cabinetry, granite countertops, and stainless-steel appliances, plus a versatile upstairs loft that can easily serve as a home office, media room, playroom, or second living area.
The first-floor bedroom and full bathroom add valuable flexibility for guests, multigenerational living, or a private office. Upstairs you'll find the primary suite, additional bedrooms, full bathrooms, and loft space, giving everyone room to spread out.
Outside, the oversized lot gives you something most homes in the neighborhood simply don't have-space. There's room to enjoy the Florida lifestyle, create your own outdoor retreat, add landscaping, or simply appreciate having more breathing room around your home.
Located in Silver Springs, residents enjoy a resort-style community pool, clubhouse & playground, with NO CDD. The location is especially attractive to buyers working or spending time in Lake Nona and Medical City, while still offering convenient access to Orlando International Airport, shopping, dining, major highways & everything Central Florida has to offer.
4 BEDROOMS | 3 FULL BATHROOMS | 2,634 SQ. FT. | 2024 CONSTRUCTION | OVERSIZED 12,197 SQ. FT. LOT | 2-CAR GARAGE | LOFT | COMMUNITY POOL | CLUBHOUSE | NO CDD | MINUTES TO LAKE NONA
This is not just another new home-it is a nearly new home with one of the community's most desirable oversized lots. Come see the difference for yourself!
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2026 | Price Decreased |
$469,900
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Aug 13, 2026 | Price Decreased |
$475,000
↓ $4K
(0.8%) | |
| Price Decreased | |||
| Jul 21, 2026 | Price Decreased |
$479,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Jul 16, 2026 | Price Decreased |
$480,000
↓ $9K
(1.8%) | |
| Price Decreased | |||
| May 23, 2026 | Price Decreased |
$489,000
↓ $11K
(2.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017