8996 SW 89TH LOOP
About This Property
Welcome to this stunning former model home, the highly sought-after Cromwell (Wisteria), located in the desirable Sanctuary section of Candler Hills. Situated on an almost 1/3-acre homesite, this property showcases the upgrades, design details, and craftsmanship expected from a showcase home. Offering 3 bedrooms, 2 bathrooms, and a 2-car garage, the home features 9'4" ceilings, 8' doors, crown molding throughout, tray ceilings in the great room and main bedroom, and impressive specialty millwork including designer shiplap accents that create a polished, upscale feel. Beautiful wood-look tile flooring flows throughout the main living areas, with carpet in only one guest bedroom. The gourmet kitchen is truly the centerpiece of the home and was designed for both entertaining and everyday living. It features an oversized island, upgraded quartz countertops, porcelain farmhouse sink designer tile backsplash, gray cabinetry with crown molding, and a huge walk-in pantry. The GE stainless steel appliance package includes a brand-new refrigerator, gas 5-burner cooktop, and built-in wall ovens, and a custom level stove vent hood that adds both style and function to the space. The spacious primary suite is a private retreat with a tray ceiling, two large walk-in closets with double bamboo shelving, and a luxurious ensuite bath featuring dual vanities, upgraded tile, and a walk-in shower. The guest bathroom also includes upgraded tile finishes. Outdoor living is just as impressive. A leaded glass front door welcomes guests, while the enclosed four-season lanai with mini-split offers the perfect space for a man cave, hobby room, or year-round Florida relaxation. Step outside to a paver patio overlooking a lush tropical backyard with privacy landscaping, creating your own private oasis. Additional highlights include custom bamboo shelving in all closets, a fully sodded and irrigated homesite, and the convenience of curbside mail and waste collection. With its designer finishes, premium lot, and former model home upgrades, this exceptional property offers the perfect blend of luxury, comfort, and Florida lifestyle living. Candler Hills is the estate section of On Top of the World offering private amenities like The Lodge and Azura as well as all of the amenities at On Top of the World. On Top of the World is Ocala's premier 55+ active adult, golf resort community with golf cart access to shopping, dining, banking, health, and beauty.
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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%.
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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.
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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017