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5325 CORAL REEF WAY
About This Property
Head upstairs to discover a versatile second-floor family area, also equipped with a ceiling fan, creating the ideal spot for a movie night, play space, or home office. Three bedrooms are located on this level, featuring cozy carpeting and individual ceiling fans for personalized comfort. The spacious primary suite serves as a true retreat, boasting a generous walk-in closet and a private ensuite bathroom complete with dual sinks and a large shower.
Living in Lorraine Lakes means embracing a true vacation-at-home lifestyle. This premier community is renowned for its incredible resort-style atmosphere, where a full-time lifestyle director curates an exciting, vibrant calendar of events and activities for all residents. Spend your weekends lounging by the sparkling community pool, grabbing a refreshing drink at the poolside bar, or perfecting your game on the putting green. For those who love to stay active, the options are endless with tennis, pickleball, and beach volleyball courts, alongside a state-of-the-art fitness center that even includes an indoor basketball court. Families will also love the dedicated playground and diverse recreational facilities designed to keep everyone engaged. True convenience is built right in, as the HOA fees generously cover your internet and cable, professional lawn maintenance, and full access to all these spectacular amenities. Do not miss this rare opportunity to enjoy luxury master-planned living in the heart of Lakewood Ranch. Schedule your private showing today and discover why this spectacular property is the perfect place to call home!
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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 |
|---|---|---|---|
| Sep 14, 2026 | Sold | ||
| Sold | |||
| Jul 20, 2026 | In contract | - | |
| In contract | |||
| Jul 20, 2026 | Price Decreased |
$549,000
↓ $31K
(5.3%) | |
| Price Decreased | |||
| Jul 1, 2026 | Price Decreased |
$579,999
↓ $20K
(3.3%) | |
| Price Decreased | |||
| May 20, 2026 | Listed by THE KEYES COMPANY - SARASOTA | $599,999 | |
| Listed by THE KEYES COMPANY - SARASOTA | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017