9775 78TH AVENUE
About This Property
This custom-built, all-concrete two-story home is thoughtfully designed and ideally positioned with southern exposure, filling the home with natural light while capturing stunning sunset views over Lake Seminole Park.
Inside, the home offers a spacious and functional layout designed for everyday living and entertaining. The updated kitchen features solid wood maple cabinetry, granite countertops, a center working island, and a breakfast bar flowing seamlessly into the main living areas. Additional highlights include a wet bar with built-in wine rack, a wood-burning fireplace, numerous built-ins, and an expansive laundry room with utility sink.
The luxurious primary suite features vaulted ceilings, dual walk-in closets, and private access to a screened balcony where you will enjoy peaceful water views, vibrant sunsets, and abundant birdlife. The spa-like ensuite bath includes a jetted tub, dual sinks, and a large walk-in shower.
With four additional bedrooms and a dedicated den/study, this 5-bedroom, 3.5-bath home offers incredible flexibility for everyday living, guests, or multi-generational needs. A private first-floor bedroom with full bath is ideal for extended family, visitors, or a private home office setup. The 3-car garage adds valuable storage and functionality for buyers seeking both convenience and space.
Step outside to your own resort-style oasis, complete with a large enclosed pool and spa featuring a waterfall, rock accents, PebbleTec finish, saltwater chlorine generator, and an elevated design. The expansive fenced yard, shaded by majestic oak trees, offers a tranquil, park-like setting, while the corner-lot layout provides multiple points of yard access and even more usable outdoor space. The xeriscaped front yard offers beauty with low maintenance, and the shallow well is ready for irrigation setup.
Built for both comfort and durability, the home had no water intrusion during recent hurricanes and features an 8-foot-deep foundation, two 200-amp electric panels, high-efficiency performance with low power bills, and two staircases for added convenience and safer exits. Significant updates include a new roof (2025), fully rescreened lanai and upstairs enclosure (2025), AC systems (2023), water heater (2024), and new pool pump and filter (2026).
Ideally located in the Lake Seminole area, the property is adjacent to Lake Seminole Park, where residents can enjoy trails, playgrounds, fishing, waterfront views, and boat ramp access, all while remaining close to shopping, dining, everyday essentials, top local conveniences, and just 10 to 15 minutes from the Gulf beaches.
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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%.
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 |
|---|---|---|---|
| Jun 10, 2026 | Sold | ||
| Sold | |||
| Apr 30, 2026 | In contract | - | |
| In contract | |||
| Apr 24, 2026 | Relisted | $924,000 | |
| Relisted | |||
| Apr 10, 2026 | In contract | - | |
| In contract | |||
| Apr 1, 2026 | Listed by KELLER WILLIAMS GULF BEACHES | $924,000 | |
| Listed by KELLER WILLIAMS GULF BEACHES | |||
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About Seminole
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017