1020 Pine Point Road
About This Property
Stunning Chef's kitchen features paneled, high-end appliances including an oversized Sub Zero fridge, Thermador induction cooktop, single oven, warming drawer and two refrigerator drawers. Large island features a quartz top with an additional area for waterfront seating. The 54" sleek custom cabinets create a bold statement in this fabulous kitchen. Enjoy the magnificence of South Florida sunsets on the water every day from almost every room in the home. The balcony off the upstairs master suite offers a particularly impressive, expansive view of the waterway. Inside, the master suite is equipped with a morning bar, sitting area, separate his and hers fabulous bathroom suites, both with large custom closets. Downstairs, your guests won't want to leave the comforts of their VIP suite on the first floor with their amazing views of Munyon Island. Upstairs you will also find two on-suite bedrooms, a spacious laundry room, reading area and a mahogany-wrapped elevator.
Masterfully custom-built by the prestigious team of Wilbur Hobgood Construction with a sleek design boasting sophisticated finishes and technology throughout including an electric glass fireplace, expansive living area with soaring ceilings, controlled window coverings, impact glass, security monitoring with 6 cameras, surround-sound and Sonos for the exterior and master bedroom, LED lighting throughout, intricate coffered ceilings, elegant crown molding, 9" baseboards, lush landscaping showcasing Sylvester Palms and triple foxtails as well as extensive landscape lighting, two A/C units with a special distribution system whereby each room can be thermostatically controlled as well as a myriad of other useful features.
Located on the finest street on Singer Island, this home offers sensational sunsets and incredible views across your waterfront dock and newly reinforced seawall located in the wide section of the intracoastal waterway. The dock features a 20,000 lb lift (which can accommodate up to a 40' boat) as well as an additional lift for kayaks and jet skis. Take a dip in your sparkling plunge pool with a JetStream system and color-changing LED lighting. Savor the aroma of BBQ on your outdoor, built-in grill while being protected from the elements under your covered patio. Enjoy an easy and relaxing short ride to the open ocean. Come see this waterfront masterpiece which is now being exclusively offered.
About Singer Island:
Singer Island is one of the most sought after locations for those looking for both intracoastal and ocean views. Singer Island features over seven miles of pristine beaches, custom homes, upscale hotels and resorts. The island (actually a peninsula) offers a relaxing blend of natural beauty with just a short ride to both Phil Foster Park & John D. MacArthur State Park which features picturesque beach, snorkeling, scuba diving, hiking and biking trails, mangrove forests and other natural wonders for the nature lover. Singer Island's world-class fishing, boating, science museum, parks and marinas are just a few of the reasons it is chosen by those wanting this amazing lifestyle. It offers a wide range of shopping opportunities and some of the finest restaurants within just a 5 minute drive. With just a 20 minute ride to Palm Beach International airport, it is very easy and convenient for frequent travelers.
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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%.
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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.
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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.
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About Pine Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017