86 SANTAREM CIRCLE
About This Property
The PRIMARY SUITE is equally spacious and offers a true retreat from the rest of the home. TWO WALK-IN CLOSETS provide excellent storage, while the en-suite bathroom features DUAL VANITIES, a LARGE JETTED JACUZZI TUB, a WALL-MOUNTED TELEVISION to enjoy your favorite sports or movies, and a SEPARATE WALK-IN SHOWER. On the opposite side of the home, THREE ADDITIONAL BEDROOMS offer plenty of flexibility for family, guests, an office, or hobby space. The guest bathroom conveniently doubles as a POOL BATH with direct access to the lanai.
One of the home's biggest highlights is the OUTDOOR LIVING SPACE. A POOL AND SPA sit beneath a LARGE SCREENED LANAI, creating a private setting for relaxing, entertaining, and enjoying the Florida weather. The pool is equipped with an INTELLIBRITE SYSTEM, offering customizable underwater lighting that can transform the pool area with vibrant colors and light displays after the sun goes down. An expansive COVERED PATIO provides plenty of room for outdoor dining and lounging, while still leaving generous screened space around the pool and spa. Just beyond the enclosure, an ADDITIONAL PAVER PATIO extends the outdoor living area even further.
Important improvements add even more value, including a NEW ROOF IN 2024, NEW STAINLESS STEEL APPLIANCES IN 2026, and a MANABLOC PLUMBING SYSTEM. Located in the desirable deed-restricted DEEP CREEK COMMUNITY, this home puts you close to golf, shopping, dining, parks, and I-75 while keeping Punta Gorda and Port Charlotte within easy reach. With FOUR BEDROOMS, generous living spaces, a POOL + SPA, an oversized outdoor entertaining area, and major updates already completed, this home offers plenty of space and plenty of potential to make it your own.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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About Charlotte
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017