5757 Stone Pointe DRIVE
About This Property
Upon entry, an open-concept layout with high ceilings seamlessly connects the living spaces. The modern kitchen, featuring Quartz countertops, a stylish tile backsplash, and stainless steel appliances, flows effortlessly into the dinette and living room, enhanced by crown molding and recessed lighting. A spacious dining area, framed by a large window, offers serene views of the lush outdoors. For gatherings or casual evenings, the family room provides ample space, while the cozy living room-with its fireplace-opens to the screened lanai via sliding glass doors, creating an inviting indoor-outdoor living experience.
The primary suite is a true retreat, featuring direct access to the lanai, a walk-in closet, and an expansive bathroom with a large walk-in shower, a separate soaking tub, and ample vanity space. The additional bedrooms are equally spacious, each offering comfort and privacy for family members or guests. The secondary bathrooms are thoughtfully designed, with one showcasing a walk-in shower and the other a shower-tub combination, ensuring convenience for all. A versatile additional room is ideal as a study, office, or even a guest bedroom, adapting to your family's evolving needs.
The crown jewel of this home is undoubtedly the screened lanai with its heated pool, perfect for year-round enjoyment. The covered seating area offers a picturesque spot to unwind, all while overlooking the tranquil lake and lush greenery.
Situated in Grove Pointe, a community known for its family-friendly ambiance and low-traffic streets, this home is perfectly located for convenience. With easy access to Gantt Road and Proctor Road, residents enjoy proximity to nearby recreational options like Urfer Family Park, Bee Ridge Park, Red Bug Slough, and Twin Lakes Park. World-renowned Siesta Key Beach is just over eight miles away, while Venice Beach, downtown Sarasota, Palmer Ranch, Lakewood Ranch, and University Park are all within a short drive.
Commuting is a breeze with I-75 accessible via Bee Ridge Road, and a variety of dining, shopping, and entertainment options are close at hand. Zoned for Ashton Elementary and Sarasota Middle School-both A-rated-Grove Pointe combines affordability, prestige, and a prime location in one remarkable package. This lakefront gem is ready to welcome you home.
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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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About Grove Pointe
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017