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20890 Negril Court #R5, Lutz, FL 33558
$329,000
20890 Negril Court #R5, Lutz, FL 33558View this property at 20890 Negril Court #R5, Lutz, FL 33558
20890 Negril Court #R5LutzFL33558
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Property Description
INCOME / INVESTMENT PROPERTY. Welcome to Paradise Lakes, a gated, pet friendly community offering an incredible opportunity to invest in an income-producing property! This fully rented condo, featuring a main unit and a studio "lock out," is a dream come true for savvy investors like yourself. This stunning, updated, and remodeled 2-Bed/2-Bath condo is an absolute gem located in the exclusive gated community of Paradise Lakes. Prepare to be amazed as you step into this fully furnished property that includes everything you need to live the good life - appliances, decor, kitchenware, linens, and not one, but three flat screen TV's! Main floor offers a spacious open concept living/dining/kitchen area with breathtaking views of the pond. You'll fall in love with the kitchen, featuring top-of-the-line solid wood KraftMaid cabinets, elegant Corian counters, and newer appliances including a dishwasher, smooth-top range, built-in microwave, and side-by-side refrigerator. The full-height double pantry with roll-out shelves and a breakfast bar provide ample storage and convenience.Prepare to be impressed by the upscale and contemporary furnishings and decor throughout the condo. Upstairs, the master bedroom retreat awaits, complete with an electric fireplace, a luxurious recliner sofa, a wall-mount flat-screen TV, Bose surround sound, and even a mini-fridge for your convenience. The main bath offers a separate jetted tub, and a refreshing shower.Need a space to work from home or indulge in your hobbies? Look no further than the huge bonus den with custom built-in cabinets, a spacious workspace, and stunning water views. The condo also boasts AC 2016 and dual-pane windows 2015 as well as newer flooring. You'll find storage galore throughout the condo, including understairs shelving and attic access with pull-down stairs. This flexible floorplan also includes a lock-out studio with a separate entrance door and a convenient kitchenette equipped with a counter size convection oven, apartment size refrigerator, microwave, 2-burner hot plate, and a sink. The second full bath with an extended vanity and combination tub/shower completes this amazing space.Paradise Lakes is not just any community - it's a nudist/clothing-optional paradise spanning 72 acres of natural beauty. Imagine waking up to lush tropical landscaping, serene lakes, and countless recreational areas right at your doorstep. And the best part? This property is in impeccable condition, needing no repairs or extra care. It's a turnkey investment that guarantees consistent income, making it the perfect choice for savvy investors. Short-term rentals are allowed and not in a flood zone. Located in Lutz, this property strikes the perfect balance between tranquility, convenience and income. Indulge in the fantastic amenities nearby, including mouthwatering restaurants, vibrant shopping centers, and beautiful parks. Now, let's talk numbers. With the main unit currently rented for $1800 and the studio rented for $1200, both on a yearly basis, you can start earning rental income right away. Low condo fee of just $392 per month, this investment becomes even more attractive. Don't let this incredible opportunity slip through your fingers. Contact us now for more information and take the first step towards financial success. Please understand since this property is operated as an investment we need at least 48 hours advanced notice and proof of funds to coordinate showings with the renters.
Full Property Details
Full Property Details for 20890 Negril Ct #R5
General
- Price: $329,000
- HOA FEE: $392/month
- Taxes: $1,860 (2023)
- Status: Active
- Type: Duplex
- MLS ID: U8225895
- Updated: 3/14/2024
- Added to Site: 129 day(s) ago
Rental Information
- Lease/Rent Term: >6 Months <12
- Min. Lease: No Minimum
Interior
- Interior Features: Open Floorplan, Split Bedroom, Walk-In Closet(s)
- Fireplace: Yes
- Fireplace(s): Electric
- Furnishings: Furnished
- Flooring: Carpet, Forestry Stewardship Certified, Vinyl
Rooms
Other Rooms
- Laundry: Inside
Exterior
- Exterior Features: Dog Run
Location
- Area: 33558 - Lutz
- County: Pasco
- Development Name: 33558 - Lutz
- Subdivision: PARADISE LAKES RESORT CONDO
- Driving Directions: From FL-597 N Turn onto Brinson Rd, Turn left onto Paradise Lakes Blvd.
Community
- Community Name: 33558 - Lutz
- Association: Yes
- Assoc. Name: Alice Kuhn
- Number of Pets: 2
Heating & Cooling
- Cooling Type: Central Air, Wall/Window Unit(s)
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Block, Stucco
- Roof: Shingle
- Common Walls: End Unit
- Stories/Levels: Multi/Split
- Square Feet: 1,180
- Sq. Ft. Source: Public Records
- Year Built: 1984
Lot Features
- Street/Road Desc.: Asphalt
Financial Considerations
- Assoc Fee Freq.: Monthly
- Assoc Fee Desc.: Required
- Condo Fee: $392
- Condo Fee Freq: Monthly
- Tax Amount: $1,860
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%-$399
- Ownership: Condominium
- Special Conditions: None
- Legal Description: PARADISE LAKES RESORT CONDO PHASE 2 PB 22 PGS 129-137 BLDG R UNIT 5 & COMMON ELEMENTS
- Flood Zone Info: X
- APN: 352618008000R000050
- Property ID: 352618008000R000050
- Block/Lot/Section: 00R00
Listed by South Beaches Real Estate
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Schools
Schools serving 20890 Negril Ct #R5
School District:Pasco County School District
Rating | Name | Grades | Distance |
---|---|---|---|
22844 Weeks Blvd, Land O Lakes, FL 34639 | PK-5 | 2.2 mi | |
18654 Mentmore Blvd, Land O Lakes, FL 34638 | 6-8 | 2.6 mi | |
3023 Sunlake Blvd, Land O Lakes, FL 34638 | 9-12 | 2.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 20890 Negril Ct #R5
Date
Details
Price
Change
Source
3/14/2024
Price Reduced
$329,000
-0.27%
MLS
1/10/2024
Listed
$329,900
37.75%
MLS
4/01/2022
Sold
$239,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 20890 Negril Ct #R5
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,937
26%
$104,596
19%
2021
$1,538
-10%
$87,822
-17%
2022
$1,710
11%
$106,182
36%
2021
$1,538
8%
$77,795
-1%
2019
$1,423
-1%
$78,887
-1%
2018
$1,440
-3%
$79,980
-1%
2017
$1,483
—
$81,072
-1%
2016
$1,481
-3%
$82,165
-1%
2015
$1,526
21%
$83,257
10%
2013
$1,258
—
$75,439
10%
2013
$1,258
—
$68,581
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 20890 Negril Ct #R5
20890 Negril Court #R5, Lutz, FL 33558 (MLS# U8225895) is a Duplex property with 0 bedrooms and 0 full bathrooms. 20890 Negril Court #R5 is currently listed for $329,000 and was received on January 10, 2024. Want to learn more about 20890 Negril Court #R5? Do you have questions about finding other Duplex real estate for sale in Lutz? You can browse all Lutz real estate or contact a Coldwell Banker agent to request more information.