115 Oakwood DRIVE
About This Property
Nestled on over a quarter-acre lot, this exquisite residence boasts three spacious bedrooms, each with its own ensuite bathroom, ensuring optimal privacy and convenience for all occupants. The master bedroom, thoughtfully positioned, provides a serene oasis overlooking the sparkling caged heated pool and lush backyard. Wake up to the soothing sight of sunlight dancing on the water, creating an atmosphere of tranquility that's simply unmatched.
The backyard itself is a private paradise, enveloped by a tasteful privacy fence that offers both seclusion and security. This meticulously landscaped haven is perfect for both relaxation and entertainment, with a gas fireplace adorning the covered patio. Whether it's a cozy evening by the fire or a gathering with friends and family, this outdoor space promises endless enjoyment.
The property's functionality is equally impressive. Currently used as an office, one of the bedrooms is versatile and adaptable to your needs. The two-car garage not only provides shelter for your vehicles but also offers abundant storage space, ensuring a clutter-free living environment.
Situated on high and dry land, the property eliminates the need for flood insurance, providing peace of mind and financial savings. Located just a stone's throw away from the intracoastal waterway, water enthusiasts will appreciate the proximity to aquatic adventures. Additionally, the pristine shores of Belleair Beach are a mere five-minute drive away, offering the perfect escape to sandy beaches and stunning sunsets.
Indoors, the heart of the home is the renovated kitchen, boasting modern amenities including a gas cooktop that elevates your culinary experience. The family room, complete with a wine bar and a 250-bottle wine cooler, becomes a focal point for gatherings and intimate conversations. The blend of sophistication and functionality in this space reflects the thoughtfulness put into every aspect of the property's design.
Experience luxury, comfort, and convenience in one remarkable package. Don't miss the opportunity to make 115 Oakwood Drive your next home!
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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%.
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.
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