8549 HILLCREST DRIVE
About This Property
Welcome to 8549 Hillcrest Drive in Groveland - a private 5-acre waterfront estate designed for space, entertaining, and elevated everyday living. This two-story residence immediately impresses with 12-foot ceilings, an open-concept layout, and expansive gathering spaces that feel both grand and inviting.
At the center of the home is a chef-inspired gourmet kitchen featuring dual sinks, a walk-in pantry, and abundant prep space, seamlessly connected to the main living area and indoor bar, creating the perfect environment for hosting unforgettable evenings.
The primary suite is privately positioned on the first floor and includes a dedicated workspace or office, blending comfort and productivity into one retreat. Just across the hall, a junior suite offers ideal guest accommodations. Upstairs, three additional suites provide generous living space and flexibility, making the home well-suited for multigenerational living or long-term guests.
Step outside and experience true Florida outdoor living. The oversized lanai with outdoor kitchen and beer tap overlooks a peaceful pond with a private beach area, creating a backyard experience that feels like a destination. Whether entertaining or enjoying quiet evenings, this space delivers.
The property continues to impress with a detached garage and workshop featuring a private room and bathroom, ideal for a guest suite, studio, office, or recreation space. Solar panels, a chicken coop, and five acres of usable land add both efficiency and flexibility to the property.
This is more than a home - it's space, privacy, and lifestyle combined into one rare Central Florida opportunity.
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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 |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| May 12, 2026 | In contract | - | |
| In contract | |||
| May 11, 2026 | Relisted | $1,250,000 | |
| Relisted | |||
| Apr 17, 2026 | In contract | - | |
| In contract | |||
| Feb 11, 2026 | Listed by EXP REALTY LLC | $1,250,000 | |
| Listed by EXP REALTY LLC | |||
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About Groveland
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017