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8311 FLAGSTAFF WAY
About This Property
Spanning nearly 2,900 square feet, this single-story home has been carefully improved and maintained over the years, creating a move-in-ready experience with both style and substance. Inside, volume ceilings, crown molding, and an abundance of natural light create a warm and open atmosphere. The kitchen and family room flow seamlessly together, anchored by a fully remodeled kitchen featuring solid wood cabinetry, stone counters, updated lighting, and stainless-steel appliances including a wine refrigerator.
The home has seen extensive interior enhancements, including updated flooring, bedroom carpeting, interior painting, and refined finishes throughout. Both the kitchen and bathrooms have been tastefully remodeled, increasing the value of the home.
Major systems and functional upgrades provide peace of mind. The property features NEW TILE ROOF 2024, two newer air conditioning systems, updated electronic heat assembly, and a variety of mechanical improvements that reflect careful ownership. Additional updates include refrigerator, garbage disposal, washing machine and dishwasher, along with improvements to lighting both within the home as well as outdoors. Hurricane resistant PGT windows ensure peace of mind.
Step outside and the lifestyle truly comes to life. The screened, heated pool and spa overlook the lake, framed by updated and sealed pool pavers and a refreshed enclosure. A newer pool heater, motor, and actuator ensure everything operates seamlessly. The outdoor living space has been expanded with a custom patio and fire pit area for entertaining or simply unwinding.
The grounds have been thoughtfully maintained and enhanced, including irrigation system updates and landscape improvements, to maximize both usability and aesthetics. Additional exterior improvements include garage upgrades with new door components and opener.
Located in an X flood zone and built with solid block construction, the home combines durability with comfort. The side-entry garage includes a workshop space, adding functionality for hobbies or storage.
Living in Misty Creek means enjoying a 24-hour guard-gated community with LOW HOA fees, SPACIOUS LOTS, and OPTIONAL golf membership. Sidewalk-lined streets for walking and cycling, a peaceful animal preserve setting, and access to fishing and bird watching create a lifestyle that is simultaneously active and serene.
Luxury of top-rated schools, including The Classical Academy, are nearby. With just a short drive to the pearlized quartz sand of Siesta Key Beach, a multitude of dining options, and cultural amenities including theater, galleries, ballet, opera, circus and live music, this home offers the perfect balance of privacy and convenience.
8311 Flagstaff Way is more than just a home-it's a property that has been continually improved, carefully cared for, and thoughtfully elevated to offer its next owner a truly effortless Florida lifestyle. Listing agent resides in this phenomenal community!
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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%.
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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.
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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017