About This Property
The quality of the interior finishes are equal to the best seen in Palm Beach or Beverly Hills using craftspeople flown in for their unique specialty. The marbles, hardwoods and fittings are all the very best money can buy with equally luxurious furnishings no expense spared and every detail attended to. Moreover, each home or guest villa has its own personality from Asian to "Tommy Bahama" to contemporary. The original 1950's coral stone home also has been updated but still features the "Nixon" bedroom and library, and several former Secret Service dwellings remain for storage and future use.
Infrastructure includes generators which power the entire compound, de-salt plant for ample fresh water, outstanding storage buildings, three complete homes for staff and a dormitory building which can accommodate several dozen people with a full kitchen, gathering area and dining hall. A commercial loading dock an ancillary marina is nearby for deliveries.
These islands are a short boat ride over living coral reefs from world famous fishing destination Walkers Cay, and is lushly landscaped with exotic hardwoods, bougainvillea, orchids and palms including hundreds of mature coconut palms lining the beaches. Tennis, pickle ball, basketball and athletic courts add options for your family and guests and a complete array of "toys" come with this purchase.
This is a special opportunity to own your dream a private island retreat for family, friends or corporate use. Easy access by plane or by yacht with quality roadways around the main island which put multiple beaches and unmatched beauty at your fingertips. Memories of a lifetime and an opportunity to get away from the world without loss of a single comfort or modern convenience, await.
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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 |
|---|---|---|---|
| Feb 8, 2021 | Sold | ||
| Sold | |||
| Nov 18, 2020 | Listed by The Corcoran Group | $26,500,000 | |
| Listed by The Corcoran Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017