5897 CARRIAGE DRIVE
About This Property
WOW!!! PRICED TO SELL IN THE GORGEOUS COMMUNITY OF MEADOW LAKE IN MOTE RANCH WITH ACCESS TO THE BRADEN RIVER! A MUST SEE meticulously maintained four bedroom Mote Ranch gem on one of the best homesites in Meadow Lake with a new tile roof installed in 2018! Pride of ownership is evident from the moment you arrive and enter through the double front doors with sweeping long lake views beyond the over-sized rear yard. Gorgeous tropical landscaping, new interior paint, rich tile floors, newly updated bathrooms with stunning quartz countertops, updated fixtures, lovely kitchen granite countertops and newer stainless appliances are just some of the improvements recently completed. Volume ceilings and the open, airy split bedroom plan make this the perfect home for full time or seasonal residents looking for plenty of room to spread out. Sip your morning coffee or evening beverage on the screened brick paver pool deck while watching the abundant bird life along the lake's edge. The fully pocketing family room sliding glass doors invite the warm Florida breezes to flow through bringing the outdoors in and lead you to the sparkling water of your own private pool. River access is found at the community center that includes a resident only kayak launch, fishing dock, community pool and playground. Located in one of the best school districts in Manatee County, Mote Ranch is close to the areas finest beaches, University Town Center mall, Benderson Park, shopping, dining and entertainment venues the Suncoast has to offer. This is a must see so 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 |
|---|---|---|---|
| Mar 4, 2026 | Sold | ||
| Sold | |||
| Jan 29, 2026 | In contract | - | |
| In contract | |||
| Dec 23, 2025 | Price Decreased |
$599,900
↓ $19K
(3.1%) | |
| Price Decreased | |||
| Nov 11, 2025 | Price Decreased |
$619,000
↓ $26K
(4%) | |
| Price Decreased | |||
| Jul 31, 2025 | Price Decreased |
$645,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017