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$1,999,990

For Sale - Active
3826 Gaines Ct, Winter Haven, FL 33884
6 Beds
6 Baths
5,400 Square Feet
2.76 Acres Lot
Built in 1989
For Sale - Active
1 Units
Checked: 13 hours ago
Updated: Jul 17, 2025 at 03:17AM

Investment Summary


Monthly Cash Flow
-$8,961
Cap Rate
0.8%
Cash-on-Cash Return
-23.4%
Debt Coverage Ratio
0.13
Internal Rate of Return (5 years)
-18.6%

Property Description


2.76 Acres Lot
Built in 1989
For Sale - Active
1 Units

***PRICE REDUCTION*** Amazing Winter Haven Executive Home on 1.86 Acres with Lake Eloise Frontage! Welcome to this elegant two-story home nestled on nearly 2 acres in a serene, park-like setting on Lake Eloise. From the moment you step into the grand foyer—with its sweeping curved oak staircase, wainscoting, and a stunning Palladian window—you'll appreciate the timeless craftsmanship throughout. The spacious living room centers around a large fireplace with a custom-designed Georgian mantel and matching built-in bookcases. In the formal dining room, you’ll find exquisite built-in cabinets, while the private library features rich, custom cherry wood bookcases. The gourmet kitchen is a chef’s dream, complete with a Jenn-Air double ovens, built-in breadbox, appliance garage, and cutting boards—all seamlessly integrated. The kitchen and breakfast area with an expansive 15x31 feet of space, ideal for both cooking and entertaining. Additional features include insulated Anderson casement windows, a dramatic two-story Greek Revival front portico, and wide 4-foot hallways throughout. Thoughtful details such as keystone window headers, dentil molding under the eaves, and decorative quoins on the brick front elevation add architectural charm. Enjoy your heated Infinity saltwater Pool with stunning views of the shaded backyard and Lake Eloise. Practical touches abound, including an underground dog fence, irrigation system, deep well with water conditioning, dual hot water heaters (including one with a heat recovery unit), and a dual-zone A/C system. The interior also boasts a well-equipped laundry room with cabinets, a built-in ironing board, and a laundry chute. Storage is plentiful, with easily accessible closets and attic spaces. Architectural features continue indoors with transom windows above the archways in the dining and living rooms, and a beautiful sunburst elliptical window with sidelights welcoming guests at the front door.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Boat, Circular Driveway, Driveway
  • Garage Spaces: 4
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 5
  • # of Baths (Total): 6.0

Interior Features

  • # of Rooms: 13
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Gaines Cove HOA
  • HOA Fee: $400/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 262909687010000171
  • Lot Size: 120060 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1989

Tax Information

  • Annual Tax: $14,001

Utilities

  • Water & Sewer: Public
  • Heating: Central, Zoned
  • Cooling: Central Air, Zoned

Location

  • County: Polk

Listing Details


Listed by:
Doug DeWitt
NEW HOME ADVANTAGE LLC
(863) 455-4525

Source:
Stellar MLS
MLS#: P4934458
Stellar MLS

Investment Summary


Monthly Cash Flow
-$8,961
Cap Rate
0.8%
Cash-on-Cash Return
-23.4%
Debt Coverage Ratio
0.13
Internal Rate of Return (5 years)
-18.6%

Purchase Details

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Purchase price:
$1,999,990
Amount financed:
-$1,599,992
Down payment:
$399,998
Closing costs:
$60,000
Rehab costs:
$0
Initial cash invested:
$459,998
Square feet:
5,400
Cost per square foot:
$370
Monthly rent per square foot:
$0.67

Financing Details

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Loan amount:
$1,599,992
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$10,245
Property tax:
$1,167
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$11,664

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (32%)
32%-$1,167-$14,001
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (1%)
1%-$33-$396
Total operating expenses: (58%)
58%-$2,100-$25,197

Cash Flow


Monthly Yearly
Net operating income:
$1,284 $15,408
Mortgage payments:
-$10,245 -$122,940
Cash flow:
$8,961 $107,532