110 Bonito Drive
About This Property
Newly Constructed Waterfront Home With Dock in Prestigious Ocean Ridge!
If having a new home is your dream, this almost completed 4,000 sq.ft. home with 5 bedrooms & 4.5 baths located on beautiful McCormick Island is perfect. You'll love the security and privacy that is yours with a new 100' foot concrete dock, deeded beach access and membership to the McCormick Beach Club included.
Enter through the unique glass pivot front door and marvel at the fabulous open floor plan with imported European porcelain tile flooring on the main level. The rooms flow seamlessly from the entry to both the great room and large family room with high crown molded and accented ceilings throughout the home. Just off the living area is the richly appointed office/library with its unique glass sliding doors. Serving the entire main floor is the center island gourmet kitchen with its rich wood ceiling, and stainless steel top of the line Thermador appliances including a hooded gas range with two ovens, and a pair of 36-inch built-in "touch to open" refrigerator/freezers. The countertops are quartz and stainless steel and the custom cabinetry is solid oak and stainless steel. For added convenience the kitchen offers a built-in coffee machine, and a below counter beverage and wine cooler.
The large master suite has direct access to a private patio, roomy walk-in closets, and a master bath that features a black soaking tub with accented back wall, quartz countertops and matching black accessories that offer a very contemporary look.
A unique glass railing accents the staircase that leads to a loft overlooking the family room. The entire upstairs level with gorgeous French wood flooring also has custom accented and crown molded ceilings. The upstairs level has three bedrooms and 3 full bathrooms, all with quartz countertops and a fifth bedroom that may be converted to an excise or sewing room.
There are two tongue-in-groove wood covered patios, one with a complete outside kitchen with grill, sink and mini-refrigerator. A fabulous 2-way fireplace with accent wall is just steps away from the 43' lap pool, a separate hot tube, an outside shower and a lovely cabana with a custom accented bathroom wall and spacious built-ins for storage. In addition to the nearby access of your own deeded beach this new home has other special features like pocket doors throughout the entire home, hurricane glass windows, a laundry room built with new white glass materials, and a mud room with built-ins for storage. The 546 sq.ft. garage is designed to easily fit 2 cars and allows extra room for a golf cart. The exterior of this modern design home has beautiful high-hat lighting on the roof overhangs that provides for extra safety and security.
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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.
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.
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About Mc Cormick Mile
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017