In the desirable village of Mussorie in Fiddler's Creek, this
rarely available three-bedroom plus den Lazio residence offers
tranquil long lake views and exceptional indoor-outdoor living
enhanced by energy-efficient upgrades. Beautifully maintained and
thoughtfully designed, the home features three full baths, and an
oversized two and a half car garage with epoxy-coated flooring. A
paver driveway, tile roof, all-impact glass and an updated HVAC
system installed in June 2023 provide peace of mind and lasting
value. A solar panel system helps power the residence and feed
electricity back into the grid for impressively low electric bills.
Inside, soaring 10-foot-6-inch ceilings create a bright and airy
atmosphere throughout the main living areas. The foyer welcomes you
with 18-inch porcelain tile flooring, crown molding and a tray
ceiling. The spacious living room features porcelain tile flooring,
recessed lighting, crown molding, tray ceiling detail and
in-ceiling built-in speakers, seamlessly connecting to the dining
area and kitchen for effortless entertaining. The gourmet kitchen
is elegant and functional, appointed with upgraded granite
countertops, a large center island with an added Kohler cast-iron
prep sink, pendant lighting, under-cabinet lighting, tile
backsplash and crown molding. Premium appliances include a GE
Profile five-burner induction cooktop, GE Cafe convection wall oven
and microwave, GE Cafe dishwasher, LG French-door refrigerator and
GE Monogram beverage refrigerator. A walk-in pantry and instant hot
water at the sink add convenience. The luxurious primary suite
offers a peaceful retreat with crown molding and tray ceiling
accents, while the spa-inspired bath features quartz countertops,
dual sinks, a spacious walk-in shower, separate water closet and a
custom oversized walk-in closet. Two private guest suites provide
comfort and flexibility, including one with an en-suite bath and
walk-in closet. The den with double pocketing doors is ideal for a
home office or media room. Designed to embrace the Southwest
Florida lifestyle, the expansive lanai overlooks serene lake views
and features a picture-frame screen enclosure, paver pool deck,
recessed lighting, in-ceiling speakers and a fully equipped outdoor
kitchen with grill, hood, beverage refrigerator, sink and granite
countertops. The pool and oversized six-person spa feature separate
solar panels for heating, backed up by an electric heating system.
The pool also maintains an optimum water level with an auto-fill
system. An electric retractable awning provides additional shade
and comfort. Residents of Fiddler's Creek enjoy a premier resort
lifestyle with resort-style pools, dining, fitness center, spa,
tennis, pickleball, bocce and an active social calendar. The
community is also known for beautifully landscaped scenic sidewalks
and paths. Optional golf, marina and beach memberships are
available.
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.
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