OPEN HOUSE this weekend. Nearly 1 acre (.9 acres) directly on the
wide waters of the Indian River/Intracoastal Waterway. This private
waterfront estate offers endless possibilities to renovate,
reimagine, or build your dream home on one of the area's most
desirable waterfront homesites .Long paver driveway leads to this
2-story, 4936 sf under air 6 BR, 4 BA residence & separate 3-car
garage, & walled front entry enhances privacy. Soaring 20+ ft
ceilings, dramatic double-sided fireplace, wet bar, vaulted wood
ceilings, French doors, & expansive water views create an
impressive setting. The floor plan includes first-floor primary
suite w/private waterfront deck & hot tub, spacious guest
accommodations, loft/family room, multiple decks & abundant storage
throughout. Enjoy a pool/spa, NEW seawall & A/C's, private dock,
NEWER decking & metal roof on main house, & breathtaking wide water
views. Exceptional opportunity to create a spectacular waterfront
estate in an irreplaceable location.
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.
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