8109 The Meres DRIVE
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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%.
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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.
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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 |
|---|---|---|---|
| Jul 18, 2022 | Sold | ||
| Sold | |||
| Jan 26, 2022 | Listed by DAVE LOWE REALTY, INC. | $949,900 | |
| Listed by DAVE LOWE REALTY, INC. | |||
| Nov 15, 2019 | No longer available | - | |
| No longer available | |||
| Jan 16, 2019 | Listed | $649,900 | |
| Listed | |||
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First time on the market! Mount Dora's best kept secret is tucked away on a private cul de sac street surrounded by Million Dollar lakefront homes. This special residence is quality built by Hannigan Homes and sits majestically on a one acre lot with adjacent one acre home site offered for sale- see MLS# G5010608. The Meres was established in 1989 and consists of 6 home sites. The grand entry invites you into the foyer with arched wood ceilings, coat closet & powder room. Tile flooring throughout leads you to living room with wet bar and double sided wood burning fireplace to family room with wood beamed ceilings. French Doors from nearly every room downstairs lead to pool and lanai area. Formal dining room has tray ceiling and kitchen has eat in area. Downstairs also consists of 2 guest bedrooms (or Master) with en suite bathrooms, laundry room and lots of storage closets. Take the stairs or elevator to upstairs Master Suite with large walk in closet, bathroom with double vanities, garden tub & walk in shower. Upper balcony overlooks pool and has Lake Dora views. Just off the kitchen is a comfortable screened patio leading to 3 car garage equipped with whole house generator. Screened pool has wood ceiling covered lanai area & summer kitchen. Orange County with Mount Dora address just minutes to downtown shops , restaurants & Trimble Park with public boat ramp. The manager has listed the unit size as 4423 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017