5545 DOWNHAM MEADOWS
About This Property
From the moment you step inside, you'll be welcomed by soaring ceilings and expansive disappearing sliders that open to a covered lanai, heated pool and spa, all perched above serene ponds and a picturesque golf course. The backdrop is nothing short of breathtaking plus, you'll enjoy peace of mind with impact windows throughout.
The thoughtful layout offers privacy and space for everyone. At the heart of the home, the kitchen shines with white cabinetry, abundant counter space, a breakfast bar, and family room.
The primary suite is a true retreat, complete with dual walk-in closets, dual vanities, a soaking tub, and a walk-in shower. Adjacent is a versatile office space. Across the home, one wing features two bedrooms, one with a walk-in closet, and two full bathrooms. A separate 12x16 bonus room creates the perfect space for guests, hobbies, or a media room.
Designed to embrace Florida's indoor-outdoor lifestyle, this home invites you to unwind: take a dip in the pool after a round of golf, host a weekend barbecue, or soak under the stars in the spa.
This fabulous pool home is ready for your personal touch and a quick ride to all the fun The Meadows has to offer.
The Meadows, 1,600 park-like acres in an enviable location, is a resort lifestyle community 15 minutes from downtown. Residents enjoy 14 miles of trails, fun activities, fitness center, Jr. Olympic pool, 10 pickleball courts, dining venues plus, pay-to-play three 18-hole golf courses and a top-notch tennis complex. You'll live near award-winning beaches, remarkable arts and culture, Nathan Benderson Park, Mote SEA Aquarium, Whole Foods, Trader Joe's and The Mall at University Town Center, a world-class shopping, entertainment and dining destination. A fabulous Florida lifestyle!
2024 pool heater, 2024 tile roof, 2019 A/C system, impact windows, front door and lanai have hurricane screens, irrigation well, above flood plain in flood zone X.
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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.
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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