7563 Excitement DRIVE
About This Property
This modern two-story Florida retreat is a rare market find, with an enviable west-facing park view on a spacious lot that's ideal for year-round sunshine. Recently upgraded with a fresh, modern exterior repaint, a new roof (2024), and stylish oak-style flooring throughout the bedrooms and loft, this home radiates contemporary appeal.
The outdoor oasis includes a sparkling pool, jacuzzi spa, sun loungers, a covered grill area, and a sophisticated outdoor dining space, all overlooking a serene tree-lined park with a covered playground and secure dog park-a peaceful setting without the risk of stray golf balls.
Inside, the home is enhanced with smart technology, including a premium Sonos sound system for seamless audio throughout. Two custom-themed bedrooms-a Harry Potter-inspired castle room and a Frozen-themed sanctuary-add a unique, magical touch, making this home especially appealing to families and vacationers. The master suite serves as a private, luxurious retreat with a walkout balcony, offering breathtaking views of the pool and park-the perfect spot to enjoy Florida sunsets.
Entertainment is elevated in the upstairs loft, a gamer's paradise complete with arcade games, a 70" HDTV, and a cozy seating area. A professionally designed theater room further enriches the home's immersive entertainment experience, while the converted garage includes space for a golf cart, perfect for leisurely resort drives.
Previously a second home, this property is now part of a rental program with Magical Vacation Homes, allowing for income generation when not in use.
**Positive Economic Outlook**
The robust housing market and strong regional economic growth continue to push property values upward in high-demand Florida areas like this. With steady stock market performance, investors are diversifying into premium real estate for stable returns. This home is ideally positioned within this trend, offering both lifestyle and financial benefits, making it an ideal addition to any real estate portfolio. Home is being sold fully furnished/rental ready.
**Resort Amenities**
An active resort membership is included, granting access to first-rate amenities: 13 community pools, 3 acclaimed golf courses (Palmer, Watson, Nicklaus), a multi-million-dollar water park, fine dining options, pro shops, tennis courts, and a mini-golf course.
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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 |
|---|---|---|---|
| Dec 20, 2024 | Sold | ||
| Sold | |||
| Nov 22, 2024 | In contract | - | |
| In contract | |||
| Nov 13, 2024 | Relisted | $1,036,000 | |
| Relisted | |||
| Nov 4, 2024 | No longer available | - | |
| No longer available | |||
| Oct 4, 2024 | Price Increased |
$1,036,000
↑ $1K
(0.1%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017