A rare opportunity to acquire a premier waterfront homesite on one
of Admirals Cove's most desirable cul-de-sac streets, this property
captures one of the community's most spectacular wide-water
panoramic vistas while offering exceptional privacy and no through
traffic. The setting is truly difficult to duplicate, especially at
this price point. Comparable newly completed homes on this street
are valued in the $12-$13 million range, making this an exceptional
opportunity for an end user or builder seeking a premier luxury
location with strong long-term value. The property features a
private dock capable of accommodating a vessel up to 50 feet,
providing direct access to the Intracoastal Waterway and the
ultimate South Florida waterfront lifestyle. Ideally situated just
minutes from the... front entrance, residents enjoy convenient
access to Admirals Cove's renowned collection of world-class
amenities, including two spectacular clubhouses, 45 holes of
championship golf, five restaurants, a 58-slip marina with floating
docks, a Yacht Club, nine Har-Tru tennis courts, 12 pickleball
courts, a state-of-the-art fitness and wellness center featuring
Technogym equipment, a 21,000-square-foot spa and salon, the
30-room Waterside Private Boutique Hotel for members and their
guests, a new Golf Learning Center, Covesters Kids Club, a dog
park, and the exceptional Platinum service that defines the
Admirals Cove lifestyle.
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.
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