Furnished Duplex with Golf
For Sale
$389,000
3135 Kapalua Court, Sebring, FL 33872
Residential, Single Story, Sebring, FL
Property Size2,536 SF
Price / SF$153.39
Days on Market146
Property Features for 3135 Kapalua Court
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3FUD
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Garage
Patio and Porch features
Patio
Interior features
BB / HS Internet Available, Blinds, Ceiling Fans, Garage Door Opener
Exterior features
Central Irrigation, Patio, Stucco
Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator(s), Stove(s) / Range(s) Oven(s), Washer, Wtr Heater-Electric
View
Golf Course
Directions
Headed north on US HWY 27, turn West on Sun N Lake Blvd, continue on Sun N Lake Blvd to Augusta Ave, turn left, Turn left on Kapalua Ct, home is on the right.
Standard status
Active
APN
C-09-34-28-020-0000-0460
Size
2,536 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
MAGNOLIA GOLF VILLAS PB 17 PG 45 LOT 46
Tax Annual Amount
3678
HOA Fee
$345 Annually
Legal Description
MAGNOLIA GOLF VILLAS PB 17 PG 45 LOT 46
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Amenities
pool
cabana
chipping and putting green
barbecue area
Building Details
Year built
2021
Floors in Building
1
Flooring type
Vinyl, Tile
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX REALTY PLUS · RE/MAX International
(863) 385-0077
Listed By:
Eric Rhoades · License #3409582
(863) 381-1096
Added: Apr 17
Changed: Sep 2
Last Checked: Sep 9 at 6:06PM
MLS# 324687
Copyright © 2026 Heartland Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This furnished duplex in Sebring combines a two-bedroom layout with a den or office, two bathrooms, and an open-concept main living area. The island kitchen includes granite countertops, white shaker cabinetry, a tile backsplash, and stainless steel appliances. The home measures 2,536 square feet and features 10+ foot ceilings, luxury vinyl plank flooring, tile, automatic blinds, and a primary suite with dual vanities, a walk-in closet, and a tiled walk-in shower. A second bedroom includes bay windows and plantation shutters.
Built in 2021, the property has golf course and pond views, an attached 2-car garage with an epoxy floor, and a patio. Community amenities include a private pool, cabana, chipping and putting green, and barbecue area. The property is served by public sewer and has R3FUD zoning.
Built in 2021, the property has golf course and pond views, an attached 2-car garage with an epoxy floor, and a patio. Community amenities include a private pool, cabana, chipping and putting green, and barbecue area. The property is served by public sewer and has R3FUD zoning.
Key Highlights
- 2,536‑square‑foot duplex built in 2021
- Two bedrooms plus den or office and two bathrooms
- Golf course and pond views overlooking the 16th green
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,905
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$458,100
$458.1K
Cap Rate 7%
$327,214
$327.2K
Cap Rate 9%
$254,500
$254.5K
Market Conditions
NOI Build-Up for 2,536 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.0K $13.80/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$32.7K $12.90/SF
− OpEx
−$9.8K −$3.87/SF
NOI
$22.9K $9.03/SF
Area
Highlands County, FL
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$458,100
Cap Rate 7%
$327,214
Cap Rate 9%
$254,500
Alternative Uses
Best Use
Multifamily LT 5
$327.2K
$286.3K – $381.8K
NOI $22,905 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$304.1K
$266.1K – $354.8K
NOI $21,285 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$527.6K
$461.7K – $615.5K
NOI $36,932 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 33872, FL
13,167
Population
7,882
Households
1.7
Avg Household Size
62
Median Age
29%
College-Educated
91%
High-School Grad
22.7 sq mi
ZIP Area
580
Density / Sq Mi
$68,086
Median Household Income
$42,831
Median Earnings
$1,157
Median Rent
$193,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 2021, the residence offers an open kitchen, flexible den, attached garage, and access to a private community pool.
Where is this duplex located?
The property is located at 3135 Kapalua Court Sebring, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 2,536‑square‑foot duplex built in 2021; Two bedrooms plus den or office and two bathrooms; Golf course and pond views overlooking the 16th green
