107 Xanadu Place
About This Property
This home is setup for entertaining. The second floor has the majority of living area. It features a large kitchen, Dining Room, multiple seating areas and a large bar. You could entertain between 50 and 75 people easily in this well designed upstairs area. On the first floor there is a secondary kitchen that a cater could utilize to prepare food for the guest. Location, location. Just steps to the beach. The beautiful Key West Style home is one of the largest homes in Xanadu By The Sea. It is one of just two homes in this highly sought after community that is built on a double lot. The spacious home features 5 Bedrooms 4.5 baths, an office and an amazing pool area. It is situated on the northern side of the community overlooking the preserve.
This home is setup for entertaining. The second floor has the majority of living area. It features a large kitchen, Dining Room, multiple seating areas and a large bar. You could entertain between 50 and 75 people easily in this well designed upstairs area. On the first floor there is a secondary kitchen that a cater could utilize to prepare food for the guest.
The pool area is great place to cool down and relax after a short walk back from your day at the beach. It features a Jacuzzi, cabana bath and an amazing waterfall from the second level balcony.
If you are looking for beach house setup to entertain you must see this home.
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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 |
|---|---|---|---|
| Nov 8, 2018 | Sold | ||
| Sold | |||
| Sep 6, 2018 | No longer available | - | |
| No longer available | |||
| Jun 20, 2018 | Relisted | $1,500,000 | |
| Relisted | |||
| Jul 30, 2017 | Listed | $1,500,000 | |
| Listed | |||
| | |||
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Location, location. Just steps to the beach. The beautiful Key West Style home is one of the largest homes in Xanadu By The Sea. It is one of just two homes in this highly sought after community that is built on a double lot. The spacious home features 5 Bedrooms 4.5 baths, an office and an amazing pool area. It is situated on the northern side of the community overlooking the preserve. This home is setup for entertaining. The second floor has the majority of living area. It features a large kitchen, Dining Room, multiple seating areas and a large bar. You could entertain between 50 and 75 people easily in this well designed upstairs area. On the first floor there is a secondary kitchen that a cater could utilize to prepare food for the guest. The manager has listed the unit size as 5044 square feet.
| |||
| Jun 16, 2017 | Listed by Platinum Properties/The Keyes | $1,500,000 | |
| Listed by Platinum Properties/The Keyes | |||
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About Xanadu by the Sea
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017