115 BAY LAKE DRIVE
About This Property
Designed with entertaining in mind, the sought-after Coventry model features an open floor plan, soaring volume ceilings, and wide triple sliding doors that seamlessly connect the indoor living space to the inviting lanai. The owner's suite offers a spacious retreat which overlooks the preserve, with a walk-in closet, expansive en suite with double sink vanity, separate shower, soaking tub, and a water closet. The tray ceiling adds beauty and architectural detail. The beautiful, updated kitchen features with stainless appliances, gas range, granite counter tops, an attractive glass tile backsplash, a reverse osmosis system, and newer 42'' wood cabinets with crown molding. Quality abounds with soft-close drawers, 100-lb. drawer stacks, under counter lighting, and under counter outlets.
Two spacious guest rooms and second bath are located adjacent to the kitchen, providing privacy for family and guests. The great room is inviting and bright, perfect for large gatherings. You'll be delighted with the attractive, easy-maintenance Luxury vinyl flooring throughout. Additional accents include crown molding in the great room, kitchen, dining room and breakfast nook, which add to the beauty and design of this residence. The lanai is accented with pavers and provides a quiet retreat. Watch deer, turkeys, rabbits, birds and other wildlife as you savor your morning coffee.
Enjoy the new, Founders' Club where you can enjoy dining and socializing with friends and family. Plantation Bay offers (membership optional) 45 holes of golf, two clubhouses, two restaurants, ten lighted Har-tru tennis courts, Pickleball courts, Bocce Ball courts, two pools and a wellness center. You'll love the walking trails, parks and children's park. Enjoy the elegance and beauty of the new $40 Million Founders Clubhouse. You're only a few minutes to beaches, shopping, restaurants, and airports. Make this home your own at a very attractive price! Don't hesitate on this one or it will be gone! All information intended to be correct, but is not warranted. All buyers should have an inspection on any property they purchase.
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What does this mean?
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 Flagler
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017