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8537 Shallowbrook Cove
About This Property
This 5-bedroom, 4-bathroom home with a loft is perfectly situated on a cul-de-sac lot with stunning sought-after lake views on a rare pie-shaped lot featuring an extra-large green space for outdoor activities and entertaining, offering both privacy and luxury.
The backyard is an entertainer's dream, featuring a heated resurfaced pool with sun shelf, infinity-edge Jacuzzi with freshwater system, and custom landscaping for added seclusion. Inside, you'll find elegant crown molding, marble flooring on the first level, custom window treatments, closets, and a built-in entertainment center. The chef's kitchen boasts 42'' wood cabinetry, granite countertops, a spacious center island, and stainless steel appliancesideal for gathering with family and friends. The extended covered patio flows seamlessly from the family room, overlooking the pool and lake.
Upstairs, a versatile loft provides the perfect space for a playroom, home office, or media area. The expansive primary suite includes detailed custom molding, two walk-in closets, and a luxurious en-suite bath with marble flooring, extended mirrors, and a beautifully designed shower.
Additional highlights include accordion shutters on the upper windows, fresh interior paint, and brand-new pool equipment. This move-in-ready home combines timeless upgrades with modern comfort, all within the premier Canyon Isles 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%.
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 |
|---|---|---|---|
| Oct 29, 2025 | Sold | ||
| Sold | |||
| Sep 7, 2025 | In contract | - | |
| In contract | |||
| Aug 20, 2025 | Listed by Compass Florida LLC | $1,199,000 | |
| Listed by Compass Florida LLC | |||
| Jan 19, 2023 | Sold | ||
| Sold | |||
| Sep 19, 2022 | Listed by Compass Florida LLC | $999,999 | |
| Listed by Compass Florida LLC | |||
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About Canyon Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017