Lakefront single family home in Cascades recently remodeled with
extended screened lanai offering wide water views. New tile roof in
2023. No detail has been overlooked in this beautiful home with
updated decorator finishes that were completed in the past year.
The kitchen features quartz counters, walk in pantry, stainless
appliances less than one year old, French door fridge, high level
shaker wood cabinets with crown molding, and custom backsplash.
Washer and dryer also less than one year old. Flooring has been
updated to stylish porcelain rectangular tile. Open great room
floor plan combines kitchen, dining and living areas. Storm
protection includes impact windows and accordion shutters on doors.
Recently added wiring accommodates the portable whole house
generator - which keeps the AC, fridge, and rest of the house
running in case of an outage. ADT security system. Wide sparkling
lake views from the extended screened lanai with travertine floor
that wraps around the side of the home, offering a surprising
amount of outdoor space. The home has been recently painted and
shows like a model. Cascades is a premier adult community with an
incredible location in the heart of Estero. Amenities include
Clubhouse with billiards, art room, card room, event hall, resort
pool with indoor section, fitness center, bocce, pickleball, on
site staff, tennis and more, all with reasonable fees. Short drive
to airport, malls, and restaurants.
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.
Situated in the highly desirable Cascades at Estero, this 2-bedroom, 2-bath home is nestled in one of Southwest Florida’s premier 55+ gated communities. Boasting the Devueraux floor plan with nearly 1,700 square feet of thoughtfully designed living space, this residence is perfect for those seeking an active and serene lifestyle. The home’s paver driveway and walkway create a welcoming first impression, while the interior is enhanced by soaring ceilings that add an airy feel and a floor plan that allows for a seamless flow from room to room. A spacious primary suite features an ample en-suite bath with dual vanities and a walk-in shower, while an in-residence laundry room offers the convenience of a utility sink. The acrylic paneled sunroom features travertine tile. This home is on a prime, waterfront lot and is perfect for the nature enthusiast with a grand screened lanai that overlooks the sparkling lake. Surrounded by beautiful, lush landscaping, it is a haven for relaxation. Additional features include a NEW ROOF (2023), new windows (2023), and accordion hurricane shutters, all offering extra peace of mind. Residents of Cascades at Estero enjoy an active, amenity-rich lifestyle with access to two community resort-style pools, a whirlpool spa, tennis courts with covered seating areas, a luxurious clubhouse, fitness center, and a variety of social activities. This home is conveniently located within close proximity to one of the pools, making it easy to take a refreshing swim or connect with neighbors. Low HOA fees include lawn maintenance for a low-maintenance lifestyle and no flood zone means no flood insurance required! Located just off Estero Parkway, you’ll be just minutes away from Gulf Coast Town Center, Coconut Point, Miromar Outlets, Southwest Florida International Airport, I-75 and US 41! Don't miss the chance to make this lovely home your own and experience the Cascades at Estero lifestyle for yourself!
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