Positioned on a premium pie-shaped lot with lake views, this
Gibraltar model residence delivers both scale and substance in one
of the area's most desirable 55+ communities. Recently appraised at
$674,900. The home features 3 bedrooms, 2.5 baths, plus a large
flexible den/office, designed with a split floor plan that creates
natural separation while maintaining an easy, lifestyle perfect for
visitors. A gorgeous entry way with a Tray ceiling invite you into
the home. Arched transitions and tall ceilings between the entry,
formal living, dining, and kitchen spaces add architectural
interest, while crown molding and abundant windows elevate the
natural light throughout. French doors in the TV room offer
natural light that open to a screened, covered, lanai. The kitchen
is equipped with 42-inch cabinetry, granite countertops, and an
extended breakfast bar, opening seamlessly to the main living areas
and overlooking the water. A breakfast nook with bay windows brings
light into a cheerful setting. Neutral flooring and clean
lines provide a versatile backdrop for any design style. The
enormous primary suite is positioned to capture tranquil lake views
and includes generous closet space and dual vanities. Additional
features include tile flooring, accordion shutters for full storm
protection, and a recently updated AC system (compressor replaced
with remaining warranty). Beyond the interior, the lot itself
is a standout larger due to the easement positioning and uniquely
shaped to maximize outdoor potential and privacy. Brand new hot
water heater just installed. Located in a community that supports
flexible ownership, including rental opportunity and anchored by a
resort-style clubhouse with tons of amenities and activities, this
property offers both lifestyle and long-term value. HOA requires a
capital contribution of $2355 to be paid to Valencia Pointe at
closing and $450 per year minimum food spend at cafe.
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.
Last updated: 17 days ago (Beaches MLS #B26064764)
Price History
Date / Event
Date
Event
Price
Sep 9, 2026
Price Decreased
$639,000
↓ $10K
(1.5%)
Price Decreased
Aug 15, 2026
Listed by Serhant
$649,000
Listed by Serhant
Mar 10, 2025
No longer available
-
No longer available
Jul 30, 2024
Price Decreased
$674,900
↓ $100
(0%)
Price Decreased
Jun 20, 2024
Price Decreased
$675,000
↓ $14K
(2%)
Price Decreased
May 1, 2024
Price Increased
$688,910
↑ $10
(0%)
Price Increased
Apr 22, 2024
Price Decreased
$688,900
↓ $100
(0%)
Price Decreased
Apr 16, 2024
Price Decreased
$689,000
↓ $40K
(5.5%)
Price Decreased
Feb 23, 2024
Price Decreased
$729,000
↓ $41K
(5.3%)
Price Decreased
Jan 23, 2024
Price Decreased
$769,966
↓ $1
(0%)
Price Decreased
Jan 9, 2024
Listed
$769,967
Listed
Discover your dream home! Stunning residence blends luxury and modern living on a serene street. Enjoy high-end finishes and a seamless open-concept layout that unites the living, dining, and kitchen spaces.
Expansive master suite features dual walk-in closets, double sinks, a Roman tub, and a separate shower. Stay secure with accordion hurricane shutters while soaking in the lush natural surroundings.
Valencia Pointe offers unbeatable amenities: a 35,000 S/F clubhouse by a scenic lake, perfect for social events with card rooms, an arts-and-crafts studio, a fitness center, and a ballroom. Relax by the resort-style pool, six tennis courts, or practice your swing on the putting green. Plus, enjoy quick access to shopping, dining, and entertainment. Don’t miss this prime lifestyle!
Oct 8, 2021
No longer available
-
No longer available
Sep 26, 2021
Listed by The Keyes Company
$579,975
Listed by The Keyes Company
SPECTACULAR LAKE VIEWS! LOCATED ON QUIET STREET. OPEN FLOOR PLAN. ELEGANT TILE FLOORING. CROWN MOLDING. FABULOUS KITCHEN FEATURES GRANITE COUNTERS & BACKSPLASH AND AN ABUNDANCE OF CABINETS. MASTER HAS 2 GENEROUS WALK-IN CLOSETS, DUAL SINKS, ROMAN TUB & STEP-IN SHOWER. 4RD BEDROOM HAS DOUBLE DOORS & USED AS DEN. SPACIOUS LIVING AREA WITH FRENCH DOORS LEADING OUT TO LARGE SCREENED, COVERED PATIO WITH PAVERS & LOTS OF OUTDOOR ENTERTAINING SPACE. LAUNDRY ROOM WITH SINK & CABINETS. ACCORDION HURRICANE SHUTTERS. RESORT STYLE AMENITIES INCLUDING NEWLY RENOVATED CLUBHOUSE, RESORT POOLS, TENNIS, CAFE, FITNESS CENTER, PICKLEBALL The manager has listed the unit size as 3021 square feet.
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