5475 SUMMIT GLEN
About This Property
From the moment you arrive, the curb appeal is undeniable; a meticulously maintained yard features professionally designed landscaping that sets the tone for the elegance within. Welcoming you inside through a hurricane-impact glass entry door, you'll immediately notice a light-filled home complete with high-end upgrades and functional features.
Step into refined living with luxury vinyl plank flooring that extends throughout the kitchen, dining, and living areas. The gourmet kitchen is a true showstopper; white shaker cabinets, quartz countertops, under-cabinet lighting, soft-close drawers, and abundant storage.
Designed for both comfort and elegance, the open-concept dining area seamlessly connects to a grand living area with soaring ceilings and a stunning three-tier chandelier that serves as the centerpiece of the space. Entertain effortlessly with pocket sliding doors that lead to a spacious lanai and pool area, complete with a fully equipped OUTDOOR KITCHEN. Enjoy a spacious and fully fenced yard with a serene water view.
Retreat to the first-floor primary suite, offering privacy and comfort. The spa-like ensuite bath includes upgraded porcelain tile flooring, frameless walk-in shower, dual vanities, a private water closet, and a large walk-in closet.
Upstairs, discover a second bedroom and attached bathroom that includes a frameless walk-in shower-perfect for guests or multi-generational living. Down the hall, you'll find an additional full bathroom, two generously sized bedrooms, and a versatile loft ideal as a second living area, playroom, or game room.
Additional premium features include a whole-home Generac gas-powered GENERATOR, interlocking PVC garage flooring, HURRICANE-IMPACT windows on the second floor, RAIN GUTTERS, and a FULLY FENCED backyard.
Location is everything-and this home delivers. Tucked away within the gated community of Grandview at the Heights, you're just minutes from University Parkway and the endless shopping and dining options at UTC, world-class beaches, SRQ Airport, and downtown Sarasota. With low HOA fees and no CDD, this community is a hidden gem. Enjoy a pet park, tot lot, basketball court, and access to Mount Tumalo. The mountain contains two miles of walking trails, an additional pet park, exercise stations, and breathtaking views.
Aggressively priced and packed with upscale features, this 3-years young home isn't just a place to live-it's a lifestyle upgrade.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 28, 2025 | Sold | ||
| Sold | |||
| Jul 29, 2025 | In contract | - | |
| In contract | |||
| Jun 10, 2025 | Listed by COLDWELL BANKER REALTY | $675,000 | |
| Listed by COLDWELL BANKER REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017