628 Meadow Lake Drive
About This Property
Designed for effortless everyday living, the exclusive floor plan features a convenient continuous loop from the spacious primary suite through the custom-designed walk-in closet and directly into the laundry room. Closet organizers have been installed in every bedroom, providing exceptional storage throughout the home.
The gourmet kitchen is both beautiful and functional, featuring premium KitchenAid built-in microwave/oven combination and dishwasher, a striking ZLINE wood vent hood, Rev-A-Shelf pullouts including an appliance lift and pull-out trash storage, an upgraded pantry with custom wood shelving and cabinetry, and a stylish buffet and coffee bar that makes entertaining a breeze.
Designer finishes elevate every room, including elegant board and batten accents in the entryway, dining room, and primary suite, an inviting electric fireplace, and a beautifully updated primary bath complete with a custom vanity, cabinetry, and sparkling crystal light fixture. Step outside to your own private backyard retreat. The extended screened patio opens to an impressive outdoor living area featuring a stunning stone fireplace and a built-in pizza oven--perfect for entertaining family and friends year-round. The fully fenced backyard offers both privacy and space to relax or play.
Additional highlights include a RaceDeck garage flooring system, exceptional attention to detail throughout, and the unmistakable pride of ownership that makes this home stand apart.
Located in the award-winning Hammock Bay community, residents enjoy resort-style pools, fitness center, sports courts, miles of walking and biking trails, parks, playgrounds, and a vibrant calendar of community events, all just a short drive from the white-sand beaches of South Walton and the conveniences of Freeport.
This is a rare opportunity to own one of Hammock Bay's most distinctive custom homes, where luxury, functionality, and Florida living come together beautifully.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017