8498 MOREHOUSE DRIVE
About This Property
Welcome to 8498 Morehouse Drive, an exceptional 7-bedroom, 6.5-bath residence with more than 5,300 square feet in the desirable Parkside community of Dr. Phillips. Offering an impressive combination of scale, sophistication, versatility, and smart-home technology, this expansive two-story home is designed for refined everyday living and effortless entertaining.
The open-concept interior connects the kitchen and main living spaces, creating an inviting setting for both intimate gatherings and larger occasions. The gourmet kitchen features two islands, granite countertops, solid wood cabinetry, stainless steel appliances, a range hood, decorative backsplash, and a walk-in pantry with built-in shelving. A built-in dry bar, formal dining room, and adjoining butler's pantry further enhance the home's entertaining appeal. Elegant finishes include wood and marble flooring, crown molding, wainscoting, high ceilings, plantation shutters, and custom built-ins.
The thoughtfully designed floor plan includes a dedicated office and an expansive upstairs loft and bonus area ideal for a media room, game room, additional living space, or recreation area. The main-level primary suite offers a private sitting area and two walk-in closets, while six additional bedrooms and multiple ensuite accommodations provide exceptional flexibility for family and guests.
A comprehensive smart-home system adds modern luxury and convenience throughout. Pool automation allows remote control of pool heating and cooling, lighting, temperature, and chemical monitoring. Automated lighting and fans create the perfect atmosphere throughout the home, while smart garage doors, security cameras, instant alerts, HVAC controls, surround sound, TVs, and high-speed Wi-Fi provide seamless control and connectivity. A smart refrigerator adds another layer of modern convenience.
Outdoor living is designed for the Florida lifestyle, with a welcoming front porch and a private, screen-enclosed pool and spa. The covered patio and expansive deck offer ideal spaces for dining, lounging, and entertaining. Automated garden lighting and a sprinkler system provide effortless landscape illumination and maintenance.
Residents of Parkside enjoy access to a clubhouse, community pool, park, playground, tennis courts, sidewalks, and trails. Conveniently located in southwest Orlando near Dr. Phillips, the home offers easy access to premier dining, shopping, entertainment, and major roadways. Furniture is negotiable. A rare opportunity to own a spacious, sophisticated residence with exceptional amenities, resort-style outdoor living, and extensive smart-home technology.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 11, 2026 | Price Decreased |
$1,449,000
↓ $50K
(3.3%) | |
| Price Decreased | |||
| Sep 21, 2026 | Price Decreased |
$1,499,000
↓ $40K
(2.6%) | |
| Price Decreased | |||
| Aug 28, 2026 | Listed by KELLER WILLIAMS REALTY AT THE PARKS | $1,539,000 | |
| Listed by KELLER WILLIAMS REALTY AT THE PARKS | |||
| Jul 15, 2021 | Sold | ||
| Sold | |||
| Apr 21, 2021 | No longer available | - | |
| No longer available | |||
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About Orange
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017