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5580 MULLIGAN WAY
About This Property
From the moment you arrive, the professionally landscaped grounds, paver driveway, and impressive curb appeal set the stage for what awaits inside. Offering four bedrooms, three-and-a-half baths, and a three-car garage, the home features an open-concept floor plan that flows effortlessly from one beautifully appointed space to the next. Soaring 10-foot ceilings, HURRICANE-IMPACT WINDOWS, porcelain tile flooring, plantation shutters, crown molding, elegant tray ceilings, and a dramatic custom coffered wood ceiling create an elegant yet welcoming atmosphere while expansive windows frame the golf course beyond.
At the heart of the home, the gourmet kitchen features GE MONOGRAM stainless steel appliances, honed granite countertops, hazelnut cabinetry, an oversized island, pantry, and designer finishes. Just beyond, the custom entertaining bar with dual beverage refrigerators creates the perfect gathering space for family and friends.
Designed to embrace Florida's year-round lifestyle, the outdoor living space is every bit as impressive as the home's beautifully appointed interior. Picture yourself enjoying morning coffee overlooking the golf course or relaxing beside the HEATED SALTWATER POOL AND SPA while taking in peaceful fairway views. Thoughtfully placed landscaping enhances privacy while preserving golf course views. The screened lanai features a fully equipped OUTDOOR KITCHEN, wood-plank ceiling, remote-controlled retractable hurricane screen, pool bath access, ambient landscape lighting, and inviting spaces for dining or relaxing. While the photographs capture the beauty of the home, its setting, views, and outdoor living experience are truly best appreciated in person.
The primary suite offers a peaceful retreat with golf course views and direct lanai access. A spa-inspired bath with dual vanities, a soaking tub, rainfall shower, and a spacious walk-in closet completes the experience.
The bonus room offers expansive golf course views and serves as a private guest retreat, media room, executive office, fitness space, or multi-generational living area complete with a full bath, wet bar, and wine refrigerator. The fourth bedroom, currently configured as a study with a closet, provides additional flexibility for guests or those working from home.
Additional highlights include custom closet systems throughout, luxury vinyl plank flooring in the primary suite and bonus room, an updated guest bath with a frameless glass shower enclosure, a tankless water heater, and negotiable furnishings.
Ownership includes BUNDLED GOLF on 36 ARNOLD PALMER-DESIGNED CHAMPIONSHIP GOLF HOLES, along with Lakewood National Golf Club's exceptional amenities, including a resort-style pool with a Tiki Bar & Cafe, state-of-the-art fitness center, full-service spa, tennis, pickleball, bocce, exceptional clubhouse dining, and an active year-round social lifestyle. Conveniently located within the award-winning Lakewood Ranch master-planned community, you'll enjoy easy access to shopping, dining, top-rated schools, medical facilities, and Florida's renowned Gulf Coast beaches.
Come discover why this home is even more impressive in person.
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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 30, 2026 | In contract | - | |
| In contract | |||
| Jul 24, 2026 | Price Decreased |
$1,399,000
↓ $51K
(3.5%) | |
| Price Decreased | |||
| Jul 1, 2026 | Price Decreased |
$1,450,000
↓ $25K
(1.7%) | |
| Price Decreased | |||
| Jun 10, 2026 | Price Decreased |
$1,475,000
↓ $25K
(1.7%) | |
| Price Decreased | |||
| Jun 3, 2026 | Relisted | $1,499,990 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017