5775 TIMBER LAKE DRIVE
About This Property
The primary master suite is a true retreat, featuring his-and-hers sinks, a large walk-in shower, and an oversized walk-in closet. The second master suite also includes a private bathroom and generous closet space, perfect for guests or multi-generational living.
The living and dining areas are separate, creating a functional layout ideal for gathering with friends and enjoying family dinners. The kitchen features plenty of cabinets, generous island space, and solid countertops, making it both practical and inviting. A new refrigerator was installed in 2024.
The third bedroom is located off the kitchen, providing additional privacy, and features tile flooring along with a walk-in closet - perfect for a home office, guest room, or family bedroom. The indoor laundry room leads into the two-car garage with additional golf cart/workshop space.
Step outside to an oversized corner lot with a huge fully fenced backyard, ideal for privacy, pets, and entertaining. The pool area has been beautifully upgraded, including pool resurfacing (2023), new pool deck pavers, lanai and sidewalk pavers, plus a new pool heater and pool lighting. Electrical to the pool has been updated with a new grounded breaker box for safety.
Major improvements include a new AC system (2020), attic reinsulation (2022), impact-rated doors and windows (2023), fresh exterior paint (2023), new lanai and front porch ceilings, and a full sprinkler system upgrade with new ground lines and heads (2024).
This home is centrally located just 5 minutes from University Mall, shopping, dining, and entertainment - and only 15 minutes from Sarasota's world-famous beaches - this home delivers the perfect Florida lifestyle. Over $100,000 in upgrades completed in recent years. Don't miss the chance to own this truly unique home. Schedule your private showing today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 4, 2026 | Sold | ||
| Sold | |||
| May 3, 2026 | In contract | - | |
| In contract | |||
| Apr 4, 2026 | Price Decreased |
$525,000
↓ $25K
(4.6%) | |
| Price Decreased | |||
| Feb 19, 2026 | Price Decreased |
$550,000
↓ $25K
(4.4%) | |
| Price Decreased | |||
| Feb 16, 2026 | Price Decreased |
$575,000
↓ $24K
(4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017