119 Spinnaker Lane
About This Property
Spectacular fire elements around the exquisite mosaic pool accentuate the versatile outdoor environment that boasts an expansive loggia with summer kitchen, sun bathing deck and private dock for easy ocean access.
The radiant master suite offers an exceptional master bath accoutered with marble and glass shower and soaking tub for optimal relaxation.
Additional features include; a handsomely appointed and spacious office, fireplace, signature appliances, marble flooring and finely crafted woodwork throughout, inviting home theater and sweeping golf and waterway views from generous balconies.
This home truly delivers the benefits of private elegant living for the Floridian lifestyle.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2015 | Sold | ||
| Sold | |||
| Nov 10, 2014 | Listed by One Sotheby's International Re | $5,950,000 | |
| Listed by One Sotheby's International Re | |||
| Apr 11, 2013 | Sold | ||
| Sold | |||
| Mar 22, 2012 | Listed by Waterfront Properties & Club C | $5,500,000 | |
| Listed by Waterfront Properties & Club C | |||
| | |||
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Create Your Dream Home - There is still time to make choices on colors & materials. This home will be constructed with the finest of materials & craftsmanship & is conveniently located near the club. Deepwater dock out your back door & golf in the fr ont. All Sizes and Amounts are approximate, changes can be made without notice.
| |||
| Jan 31, 2012 | Sold | ||
| Sold | |||
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About Admiral's Cove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017