113 Spinnaker Lane
About This Property
...You will feel like you are on your own personal resort getaway with the breakfast bar, you won't even need to leave your room to enjoy your morning cup of coffee! The large bathroom with his and her toilets connects to a gorgeous, custom walk-in closet. Also located on the first floor is a beautifully decorated guest room and a custom office with pool and waterway views. The office includes a large built-in desk and cabinets with herringbone wood floors. As you walk up the stairs to the second floor or take the elevator, there are three large guest suites, a second laundry room, and a lounge area, which includes a TV, refrigerator, and sink. Large sliding glass doors lead your guests to a covered balcony that overlooks the pool and waterway. Enjoy the beauty of South Florida in your large pool and spa or your outdoor seating area fully equipped with a fireplace, grill, ice maker, fridge, bathroom, and outdoor shower. This home in Admirals Cove is truly unique, from the professionally designed details by Lorraine Rodgers, Smart house features throughout, generator, impact windows you will not find it difficult to call this residence your home. Required golf membership purchase conveys all the first-class amenities of Admirals Cove including two spectacular clubhouses, 45 holes of golf, 5 restaurants, 58 slip marina with floating docks, Yacht Club, 11 har tru tennis courts, 5 pickleball courts, state of the art fitness, 21,000 sq ft brand new spa & salon, Covesters kids club and Platinum service.
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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 Admiral's Cove
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$6,000 /mo
- 2 Beds
- 2 Baths
- 1,385 ft²
$7,500 /mo
- 2 Beds
- 2 Baths
- 1,385 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017