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7660 SUMMERLAND COVE
About This Property
Spanning 1,458 square feet, the thoughtfully designed floorplan features two bedrooms, two full bathrooms, and a versatile flex space currently utilized as a media room and guest accommodation. The open-concept layout seamlessly connects the main gathering space to a fully screened lanai via expansive sliding glass doors, maximizing the coveted Florida indoor-outdoor lifestyle. The kitchen is beautifully appointed with stainless steel appliances, premium white cabinetry, and extensive quartz counter space engineered for effortless entertaining. Ensuring total privacy, the primary suite is completely separated from the guest wing, featuring a large walk-in closet and an elegant en-suite bath with dual vanities and an oversized, decorative-tile walk-in shower.
Operating on a low-maintenance footprint, this home is engineered for privacy and ultimate ease of ownership. The attached villa architecture provides a highly secure, lock-and-leave baseline, making it an ideal seasonal retreat or a permanent winter residence. It completely eliminates the heavy exterior upkeep associated with massive, detached estates, allowing you to invest your time directly into the lifestyle rather than home maintenance.
The true value of this property lies in the elite Del Webb amenities coupled with its premier location. Residents enjoy immediate access to a 21,000-square-foot clubhouse, a state-of-the-art fitness facility, and resort-caliber aquatic amenities. The gated grounds are designed for active living, featuring a comprehensive racquet sports complex (tennis, pickleball, and bocce), private walking trails, and an event lawn-all curated by a full-time lifestyle director. Beyond the gates, you are strategically positioned at the geographic center of Lakewood Ranch. This ensures immediate access to top-tier hospitals and medical facilities, the luxury retail and dining of UTC, and the rapidly expanding Waterside Place. Furthermore, this prime location serves as your gateway to the world-renowned Gulf Coast beaches and the vibrant arts, theater, and culinary scene of Downtown Sarasota's famed Cultural Coast.
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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 |
|---|---|---|---|
| Oct 1, 2026 | Sold | ||
| Sold | |||
| Aug 17, 2026 | In contract | - | |
| In contract | |||
| Jul 5, 2026 | Price Decreased |
$380,000
↓ $35K
(8.4%) | |
| Price Decreased | |||
| Apr 17, 2026 | Listed by PREFERRED SHORE LLC | $415,000 | |
| Listed by PREFERRED SHORE LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017