Key West-style architectural gem on Singer Island with ocean access
(NO FIXED BRIDGES!) Situated on one of the largest
residential lots on Singer Island, this Key West-style
architectural gem is a light-filled 5-bedroom, 5-bathroom, 4,000+
sq ft home that delivers relaxing, coastal vibes alongside a
65-foot dock with easy ocean access and no fixed bridges. The home,
custom-built with high-end architectural design, features upgraded
materials, expansive layouts, and construction focused on increased
elevation, stability and security. The exterior features Hardie
siding, a premium metal roof and solar panels integrated into two
Tesla Powerwall battery systems. Step onto the elevated front
porch, accented with custom decorative railings! to enjoy the
expansive front yard -- framed by a stem wall security fence -- and
a multi-car garage that leads to a 1,270-square-foot-attached
garage. West of the garage there's an additional gated and paved
side area (45 ft x 11.5 ft) large enough to store a boat, boat
trailer, full size RV or a class A motorhome. On the canal side,
you'll find a multi-level patio that features low maintenance
artificial turf, bollard lighting, a 10,000-pound boat lift and
private 65 feet of dockage along a deep-water canal with
no-fixed-bridges and 15-minute ocean access. Perfect as a primary
residence or a vacation getaway, this home delivers unmatched curb
appeal and a permanent vacation vibe within steps of Ocean Reef
beach and Singer Island nightlife.
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.
PRICE REDUCED! Here is a chance to get a deep water corner lot home built brand new! The main house is a 2 story custom home built by the builder for his own use. No expense was spared! Too many extras to list and a great price! Get this home now!
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