9088 CORMACK LANE
About This Property
Castlecraft Trinket Oak laminate gives the main living areas and primary suite a warm foundation. The kitchen is finished with Elkins PureStyle white cabinetry, Calacatta Laza Gold quartz and a herringbone Mythology backsplash. A matte-black Kohler Crue semi-professional faucet, under-cabinet lighting and prewiring for three island pendants sharpen the clean palette. Large-format Platinum Magnolia tile and upgraded shower selections carry the same restrained look into the baths. Home automation, a connected smart lock, gas appliances, concealed television wiring and recessed lighting add practical comfort.
The location makes daily life feel less scheduled. Waterside Place offers coffee, waterfront dining, boutiques and parks along Kingfisher Lake. The farmers market, live music and regular events give weekends a natural rhythm, while the trails, recreation, healthcare and conveniences of Lakewood Ranch are all nearby. Bungalow Walk adds its own clubhouse, pool, dog park, firepit, playground and activities park. With lawn maintenance included through the HOA, the home is easy to leave and even better to return to, whether it is your primary residence or your Florida retreat.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2026 | Price Decreased |
$544,990
↓ $16K
(2.9%) | |
| Price Decreased | |||
| Jun 12, 2026 | Listed by OLYMPUS EXECUTIVE REALTY INC | $560,954 | |
| Listed by OLYMPUS EXECUTIVE REALTY INC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017