7540 Gathering Drive Dr
About This Property
Check out the Walk-Thru Video in the Virtual Tour Link 2
LISTING AGENT is offering a $650 One Year Home Warranty to the Buyer!
Brand New AC in 2022!! Tile roof was just cleaned!! An exceptional opportunity to own a beautiful home in the world-class resort of Reunion, Florida. This amazingly decorated 5 bedroom home features a private pool and spa. It is located right around the corner from The Reunion Grande. Walk to the Lobby Bar, Eleven or Chophouse. Two updated Themed Rooms for either your guests or family. This home comes FULLY FURNISHED and has been very well maintained. The garage can easily be converted to a Large Game Room or Theater to enhance your bookings! When you enter this home, you'll love the high open ceiling and natural light. This home has the Master Bedroom with full En Suite Bathroom downstairs. Plus the Master Bedroom has sliding doors that open to the Pool and Lanai. The upstairs has 4 more bedrooms and 2 bathrooms. This is a perfect layout for rental or permanent residents. There is a separate Dining Room that leads directly into the Kitchen, making it a great entertainment combo. The Kitchen has granite counter tops and large breakfast bar. This area overlooks the large living room that once again show cases the outdoor lanai and pool area. Let's not forget the pool area with its relaxing atmosphere and spa. The pool area has its own dedicated 1/2 bath. Don't miss the newly added Tiki Bar right next to the pool for entertaining all your guests! Reunion Resort is home to 3 signature golf courses, an amazing water-park with Tiki Bar, fully gated entrance and On Site Security. The Resort has 5 Restaurants on site, numerous pools, and with its close proximity to all the Central Florida attractions you don't want to miss this opportunity.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 6, 2024 | Sold | ||
| Sold | |||
| Dec 13, 2023 | In contract | - | |
| In contract | |||
| Dec 1, 2023 | Price Decreased |
$670,000
↓ $29K
(4.2%) | |
| Price Decreased | |||
| Nov 11, 2023 | Price Decreased |
$699,400
↓ $500
(0.1%) | |
| Price Decreased | |||
| Sep 2, 2023 | Price Decreased |
$699,900
↓ $29K
(4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017