Under contract-accepting backup offers. Welcome to the model home
that became the face of Lakewood Ranch. Lee Wetherington built this
Mainstay Model in LakeHouse Cove at Waterside as its showcase model
for the community. Every design decision is already made, with more
than $240,000 in Platinum Series selections and Arhaus lighting
throughout. Peace of mind comes standard, with impact windows, a
Generac generator, whole house surge protection, camera security,
Control4 smart home control and an EV charger. The homesite is
framed by landscaped common area and walking paths behind and to
one side, with privacy hedges for a secluded feel, no homes
directly across and lake and sunset views across the green. A
handcrafted iron entry door with electric privacy glass opens to
3,209 square feet with three bedrooms, three and a half baths, a
den and a bonus room. European white oak floors, Cambria quartz,
Medallion cabinetry, automatic shades, pocket doors and
architectural ceilings with cove lighting run throughout. The great
room features a shiplap grid ceiling, built-in speakers and a
quartz and shiplap fireplace wall with lighted shelving. The
kitchen offers a navy island, farmhouse sink, tile backsplash to
the ceiling, gas cooktop, wall oven, convection microwave, paneled
refrigerator, wine refrigerator and roll-out storage, plus a
walk-in pantry with custom drawers and a desk. A formal dining room
completes the entertaining core. The primary suite is a private
retreat with a double-cove lighted ceiling, a coffee bar with
beverage refrigerator, and his and hers custom walk-in closets with
lighted cabinetry. The bath is tiled floor to ceiling beneath a
floating ceiling feature, with Cambria double vanities, Arhaus
mirrors, a freestanding soaking tub and an oversized shower with
dual heads, handhelds and a large bench. Guests get a wing of their
own, with two suites that each have a private bath and custom
walk-in closet, steps from the bonus room with built-in speakers. A
den for working from home, a built-in landing area, a laundry room
with a tiled dog bath, a 3-car garage with storage cabinets, and a
lighted storage room with shelving make daily life easy. Sliding
doors open the entire back of the home to a lanai built for
entertaining, with a gas fireplace, outdoor TV and speakers, and a
summer kitchen with granite counters, grill, hood and sink. The
heated saltwater pool and spa, with waterfalls and spill bowls, is
surrounded by a wood-look porcelain sundeck under a full screen
enclosure. LakeHouse Cove offers a clubhouse, resort-style pool and
fitness center, and Waterside Place dining and shops are close by,
with UTC, I-75, downtown Sarasota and Lido Key and Siesta Key
beaches within easy reach. There was only one original model, and
this is it. **THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF
USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS.**
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.
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