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7683 SUMMERLAND COVE
About This Property
The open-concept living area features zero-corner sliding glass doors that disappear into the wall, creating a seamless connection to the outdoor living space. The upgraded kitchen includes quality appliances, stylish backsplash, and recessed lighting in the kitchen, great room, and 4th Bedroom/Den. Wood shelving in all closets and the pantry provides exceptional organization, while the customized laundry room includes cabinetry and a sink. Both showers feature floor-to-ceiling tile and raised rain heads.
Additional upgrades include a 4-foot garage extension, epoxy garage flooring with lifetime warranty, whole-home Culligan water system, gutters, extra electrical outlets, and UV/impact window tinting on all windows and doors. The gated community and Ring doorbell add convenience and security, while hurricane shutters provide additional storm protection.
The outdoor living area is perfect for entertaining, featuring a plumbed outdoor kitchen, exterior TV outlet, and rear lanai hurricane shutter rated for winds up to 160 MPH. With no rear neighbors, a stunning view, and plenty of room for a pool, the backyard offers privacy and the opportunity to create your own outdoor oasis. Beautiful custom landscaping completes the property.
Located in Del Webb Lakewood Ranch, residents enjoy a vibrant 55+ lifestyle with an impressive array of resort-style amenities. Enjoy the state-of-the-art clubhouse, restaurant, resort-style pool, fitness center, tennis and pickleball courts, bocce ball, walking paths, social spaces, and numerous clubs, classes, activities, and organized events. Whether working out, playing pickleball, relaxing poolside, or socializing with neighbors, Del Webb makes it easy to enjoy an active and connected lifestyle.
Beyond the community, Lakewood Ranch offers exceptional recreation, dining, shopping, and easy access to Florida's beautiful Gulf Coast beaches, including Siesta Key, Lido Key, and Anna Maria Island. Sports fans can enjoy spring training for the Pittsburgh Pirates, Baltimore Orioles, and Atlanta Braves, while the nearby Sarasota Polo Club offers exciting equestrian competition.
Lakewood Ranch also provides convenient access to employment opportunities in healthcare, education, hospitality, finance, and other professional fields, with organizations such as Lakewood Ranch Medical Center, Sarasota Memorial Health Care, IMG Academy, and Sarasota County Schools nearby.
With extensive upgrades, custom finishes, resort-style amenities, no rear neighbors, a terrific view, and room for a pool, this exceptional home offers the perfect blend of luxury, privacy, functionality, and Florida living.
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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 26, 2026 | Sold | ||
| Sold | |||
| Sep 16, 2026 | In contract | - | |
| In contract | |||
| Sep 8, 2026 | Listed by RE/MAX TITANIUM GROUP | $599,000 | |
| Listed by RE/MAX TITANIUM GROUP | |||
| Dec 7, 2025 | In contract | - | |
| In contract | |||
| Nov 21, 2025 | Price Increased |
$730,000
↑ $2K
(0.3%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017