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$1,195,000

For Sale - Active
7210 Lake Forest Gln, Lakewood Ranch, FL 34202
3 Beds
3 Baths
2,500 Square Feet
0.44 Acres Lot
Built in 2007
For Sale - Active
1 Units
Checked: 5 hours ago
Updated: Oct 01, 2025 at 10:21AM

Investment Summary


Monthly Cash Flow
-$3,840
Cap Rate
2.3%
Cash-on-Cash Return
-16.8%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-12.2%

Property Description


0.44 Acres Lot
Built in 2007
For Sale - Active
1 Units

Immaculate Maintenance-Free Home in Stone Ridge at Lakewood Ranch Country Club. Located within the gates of Lakewood Ranch Country Club, this meticulously maintained Savona model by Neal Communities sits on a private oversized cul-de-sac lot. Offering nearly 2,500 sq. ft. of living space, the home features 3 bedrooms, a den, and a 3-car garage. Step inside to soaring 10-foot ceilings with coffered details, crown molding in every room, plantation shutters, and custom window treatments. Tile floors flow throughout, with wood-look plank tile in the owner’s suite, den, and bedrooms. All lighting and ceiling fans have been thoughtfully updated. The den, accented with glass-pane French doors, provides the perfect home office or quiet retreat. The formal living and dining areas set the tone, while the open-concept family room with custom built-ins and disappearing sliders expands seamlessly to the lanai. The adjoining kitchen showcases upgraded cabinetry with glass-front uppers, granite countertops, stainless-steel appliances, a built-in desk, breakfast bar, and casual dining nook. The spacious owner’s suite offers lanai access, a sitting area, and an en suite bath with soaking tub, dual vanities, walk-in shower, private water closet, and a custom-fitted walk-in closet. Outdoor living is unmatched here. This home boasts the largest lanai in the neighborhood, highlighted by a sparkling pool and spa, custom gas fireplace, lush landscaping, and complete privacy. The outdoor kitchen features granite counters, a gas grill, side burner, refrigerator, and sink. A covered dining space, cabana bath, and outdoor shower make this a true retreat for relaxing or entertaining. Membership at Lakewood Ranch Country Club is optional, but available, with access to golf, tennis, fitness, dining, and resort-style pools. All this, just minutes from award-winning beaches, fine dining, and world-class shopping.

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Location


Property Details


Parking

  • Description: Driveway, Garage Door Opener
  • Details: Driveway, Garage Door Opener, Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Tile
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Lakewood Ranch Town Hall-Christine Wofford
  • HOA Fee: $575/quarterly

Land Information

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

Lot Information

  • Parcel ID: 5885.56659
  • Lot Size: 18953 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2007

Tax Information

  • Annual Tax: $16,693

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric, Natural Gas
  • Cooling: Central Air

Location

  • County: Manatee

Listing Details


Listed by:
Erik Dunigan
CORNERSTONE R.E OF SW FL
(941) 441-5253

Source:
Stellar MLS
MLS#: N6140110
Stellar MLS

Investment Summary


Monthly Cash Flow
-$3,840
Cap Rate
2.3%
Cash-on-Cash Return
-16.8%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-12.2%

Purchase Details

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Purchase price:
$1,195,000
Amount financed:
-$956,000
Down payment:
$239,000
Closing costs:
$35,850
Rehab costs:
$0
Initial cash invested:
$274,850
Square feet:
2,500
Cost per square foot:
$478
Monthly rent per square foot:
$2.24

Financing Details

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Loan amount:
$956,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$6,121
Property tax:
$1,391
Insurance:
$392
Private mortgage insurance (PMI):
$0
Monthly payment:
$7,904

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,600 $67,200
Vacancy loss: (6%)
6% -$336 -$4,032
Operating income:
$5,264 $63,168

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$1,391-$16,693
Insurance: (7%)
7%-$392-$4,704
Property management: (8%)
8%-$448-$5,376
Repairs & maintenance: (5%)
5%-$280-$3,360
Capital expenditures: (5%)
5%-$280-$3,360
HOA fees: (3%)
3%-$192-$2,304
Total operating expenses: (53%)
53%-$2,983-$35,797

Cash Flow


Monthly Yearly
Net operating income:
$2,281 $27,372
Mortgage payments:
-$6,121 -$73,452
Cash flow:
-$3,840 -$46,080