85 SADDLEBAG TRAIL
About This Property
This particular model features two bedrooms plus a versatile den with a built-in Murphy bed, ideal for guests or a home office. The original owners enhanced the layout with thoughtful touches, including a double sink vanity, additional windows for abundant natural light, and a convenient indoor laundry room with extra storage.
The spacious kitchen is equipped with matching appliances, ample cabinetry, and a breakfast bar that seamlessly opens to the dining and living areas, creating a warm and welcoming flow. Sliding glass doors lead to a bright, airy porch-perfect for enjoying morning coffee or peaceful evenings.
Additional highlights include:
Vaulted ceilings with crown molding
Wood-look flooring throughout
Hurricane ties for added safety
Brand new roof (March 2025) by Next Dimension Roofing, featuring 40-year CertainTeed shingles and storage shed, propane grill hookup, and irrigation system
The low monthly HOA fee includes water, sewer, and trash services, making for easy and affordable living.
As a resident of Saddlebag Lake Resort, you'll enjoy a heated pool and spa, fitness center, clubhouse with organized activities, tennis and pickleball courts, shuffleboard, and a stocked library. Golf carts are welcome, offering convenient access to all amenities.
Located near shopping, dining, medical facilities, and Florida's natural attractions, this home offers the perfect blend of comfort, quality, and community in one of the few 55+ parks in Florida where you truly own your slice of paradise.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 7, 2026 | Sold | ||
| Sold | |||
| Dec 12, 2025 | In contract | - | |
| In contract | |||
| Nov 1, 2025 | Price Decreased |
$165,000
↓ $15K
(8.1%) | |
| Price Decreased | |||
| Aug 21, 2025 | Price Decreased |
$179,499
↓ $400
(0.2%) | |
| Price Decreased | |||
| Jul 3, 2025 | Price Decreased |
$179,899
↓ $100
(0.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017