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11612 Charisma Way
About This Property
The grounds are breathtaking, with a meticulously crafted landscape that leaves no detail overlooked. Majestic oaks and magnolias grace the front yard, lending a refined, modern Low Country feel to the home's elevation. In the evenings, the landscape comes alive with a new, state-of-the-art low voltage system of lights that turns this backyard into a great entertainment venue. Carefully placed flowers, annuals, and lush shrubbery create the impression of a perfectly manicured estate.
Inside, the home is modern, spacious, and bathed in natural light, thanks to oversized impact-resistant sliding glass doors and windows. Custom ceiling details combine finely crafted level 5 drywall coffers with rich maple and mahogany beams. The millwork is of the highest quality, and additional spaces include a study, gym, custom fireplace, wine room, and home theater with upgraded electronics.
The expansive kitchen is a culinary dream, featuring double islands, double sinks, double dishwashers, professional-grade Thermador appliances, a reverse osmosis water filtration system, quartz countertops, and custom wood cabinetry. Adjacent to the kitchen and family room sits the wet bar with an icemaker and wine refrigerator that makes it ideal for entertaining both indoors and out. A Sonos Wi-Fi-controlled sound system fills the home with music, perfect for creating any atmosphere.
For hosting overnight guests, the home boasts a dedicated guest wing with a private entrance, formal living room, breakfast bar, and three private guest suites, each with its own full bath. Both the kitchen and living room have been fully refurbished and updated. Recent upgrades include a new roof, new ice makers, a new outdoor refrigerator, four A/C units installed in 2022, tankless water heaters, and a comprehensive water filtration system.
Throughout the interior and exterior, fresh new paint enhances the beauty of the home, complemented by new landscape lighting, updated landscaping, and epoxy-coated garage floors. Additionally, a full-house Generac generator ensures seamless power continuity. The Old Palm Golf Club membership is available but not mandatory for this exceptional 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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About Old Palm
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017