11409 Manatee Terrace
About This Property
An additional 2,735 sq.ft. of possible living space left unfinished for your custom buildout in the secondary building - perfect for guest house, in-law quarters or home business - endless possibilities.
Central vacuum
Sonos Sound throughout
26 security camera system
16' entry ceiling, 14' in living areas
2 Wood & Gas fireplaces
Staking sliding doors opening to 16'
Office with custom built-ins
6 burner Thermador cooktop with griddle
Pot filler, double ovens & refrigerators
2 Kitchen sinks, wet bar with wine cooler
Summer kitchen with bbq with gas line, 2 burner, refrigerator & sink.
Laundry room: LG washer & Dryer, refrigerator & sink
Master Suite: electric blinds, wet bar with sink & refrigerator, dual vanities, dual shower heads, 2 large walk-in closets one with built-in Liberty safe.
House garages have 16' x 12' doors - 8 car capacity.
The Pool:
50' x 25' saltwater party pool - slopes to 4'.5"
Pebble tec surface with glass tile. Gasline for pool heater installation, 4 firepits, 8 illuminated water spouts, 6 LED lights - all automated by cell phone.
Hot tub on master side of screen patio along with cabana 1/2 bath & outdoor shower.
Patio & pool deck with sound system.
12'x24' sun deck.
Tiki bar with sink & refrigerator. Both the Tiki hut & dock have running water & electric, speakers and ceiling fans. 20' x20' Tiki dock extends 40' into the water.
Firepit with gas line. Multiple Tiki torches.
Secondary Building:
1,220 Sq. Ft. Mancave/club room with 1/2 bath & kitchenette area with sink & refrigerator.
Air-conditioned 6' Single lane firing range with ballistic sound buffering mats & automated target retriever & exhaust system.
Mancave & firing range act as hurricane safe rooms with poured concrete walls & 10" concrete ceiling.
Workshop / Garage: 9 car capacity, 50 Amp Motor home hookup. Room for 9 cars, or a helicopter with 14' x 24' hangar door on remote & 18' ceilings.
Air-conditioned Dog kennel wing with 4 kennels and room to add more, plus vet room & isolation rooms with stucco walls. (The Dog kennels are not for commercial use). 1 camera in isolation room and 2 in kennel area. 95' x 25' grass dog paddock with hose bib. Kennel has a drainage system to dual 500 gal tanks with a lift to the main drain field.
11 televisions with DirectTV
3 Zones AC in the house.
3 Mini splits in dog kennels - Dykin
1 Mini split in gun range - Mitsubishi
Mancave has own AC Compressor - Courrier
Electrical:
Exterior Lighting Package - all on timers.
Landscape up-lighting, front & rear columns of house, front entry, front steps, gate columns, soffit downlights & soffit outlets for holiday lights.
600 Amps to main house
No exposed electrical conduit in hangar garage - run inside the block.
Generac 100KW whole house generator - 1000 gallon tank. System is linked to cell phone.
The house is stem-wall construction & 4' above street elevation. 2' pitch to the road. All down spouts drain to the canal or lake.
Front exposure is south & the rear is north.
Circular driveway with two electric gated entries.
2,735 sq.ft. of unfinished area ready for buildout:
Loft area hangar garage (1,534sq.ft.) and adjacent 40' x 30' bonus room above the portico breezeway (1,200sq.ft.). Water & sewer is stubbed.
A detailed list to be provided at showings.
All sizes & numbers are estimated and the responsibility of the buyer to confirm in the due diligence period.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017