934 LAKE ELBERT DRIVE SE
About This Property
Steeped in local history, this home was originally built as one of a pair of residences for two brothers and their families. Nearly 100 years later, it still showcases the craftsmanship of its era - including hardwood floors, stained glass windows, antique switches, and period hardware - all preserved to reflect its original character.
The thoughtful layout accommodates a range of living needs:
A main-level suite is well-suited for extended family or guests.
Upstairs bedrooms include generous closets and lake views, offering space and privacy.
A dedicated home office with fireplace provides a comfortable setting for remote work.
Interior features include a formal dining room with access to a spacious patio and in-ground pool, a bright kitchen overlooking the backyard, and a sun-filled breakfast nook ideal for relaxed mornings.
Outdoor amenities include a screened porch, a large front veranda with lake views, and a fully fenced backyard. The lake frontage offers a peaceful setting, with opportunities to enjoy Florida wildlife including herons, ducks, and turtles. A walking trail is planned around Lake Elbert, providing future recreational access nearby. Drop a kayak in for a quick paddle.
Conveniently located just minutes from downtown Winter Haven, shopping, dining, medical facilities, and entertainment.
Buyers considering short-term rental or investment uses should consult with local zoning authorities to verify permitted uses.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 2, 2025 | Sold | ||
| Sold | |||
| Sep 5, 2025 | In contract | - | |
| In contract | |||
| Aug 9, 2025 | Price Decreased |
$495,000
↓ $4K
(0.8%) | |
| Price Decreased | |||
| Jun 1, 2025 | Price Decreased |
$499,000
↓ $13K
(2.5%) | |
| Price Decreased | |||
| Apr 16, 2025 | Listed by KELLER WILLIAMS REALTY SMART | $512,000 | |
| Listed by KELLER WILLIAMS REALTY SMART | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About East El Otis Park
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,000 /mo
- 4 Beds
- 2 Baths
- 1,816 ft²
$2,280 /mo
- 4 Beds
- 2 Baths
- 1,912 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017