42
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110 Utopia Circle
About This Property
Step into effortless coastal luxury at this custom-built 2014 estate in the sought-after boating community of Egret's Cove, where access to both the Indian River and Banana River places endless days on the water within easy reach. Set on a sprawling 1.16-acre homesite with sweeping river views, this 4-bedroom, 4-bath residence pairs exceptional craftsmanship with true turnkey convenience, including a deeded boat slip in the community marina. Chiseled travertine floors welcome you inside, where a coffered-ceiling formal dining room, private home office, and expansive living spaces showcase the home's thoughtful custom design.
The chef's kitchen features granite countertops, a gas cooktop, double ovens, a walk-in pantry, and casual bar seating overlooking the sunlit gathering areas. The split-plan primary suite offers dual vanities, his-and-hers walk-in closets, a garden soaking tub, and an oversized glass walk-in shower, while a second bedroom on the main level with an adjacent full bath provides ideal accommodations for guests or multigenerational living. Upstairs, the oversized bonus room with a service bar and private balcony overlooking the river has been structurally reinforced for enhanced sound control and the weight of a pool table, creating the ultimate entertaining retreat.
Resort-style outdoor living continues with a heated pool and spa accented by a cascading waterfall, an outdoor shower, and a screened lanai already prepped for your dream outdoor kitchen. A whole-house generator, impact windows, a solar water heater, and a solar attic fan provide lasting efficiency and peace of mind. Completing the package is a 3-car garage, deeded marina access, and one of Egret's Cove's most desirable river-view homesites, offering an exceptional opportunity to enjoy custom waterfront living with effortless access to both of Merritt Island's iconic rivers.
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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 Egrets Cove
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$10,000 /mo
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$3,400 /mo
- 3 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017