533 EDGEWATER DRIVE
About This Property
Hardwood floors run throughout the home, and the split floor plan was designed to take full advantage of the setting. Every bedroom, along with the main living area, enjoys beautiful lake views, which is something you rarely find. Out back, the covered rear patio is perfect for relaxing, entertaining, or simply enjoying the water. There is also a dedicated fire pit area right by the lake that makes this property ideal for evenings outdoors.
The bathrooms have been updated, and several major improvements have already been taken care of, including a new water heater in 2025, a new septic system and drain field installed in February 2024, a 16 x 30 covered car or camper port added in November 2025, and a new boathouse roof completed in October 2025. The main roof was replaced in June 2014.
Lake Agnes is also home to Fantasy of Flight, the largest private airplane collection in the world, adding a unique and well-known element to the area. This lakefront property is conveniently located between Tampa and Orlando, offering a peaceful, rural feel while still being a short drive to shopping, dining, and entertainment. If you are looking for a true lakefront home that offers space, privacy, and convenience, this one checks all the boxes.
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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%.
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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017