Peaceful and private, this spacious Gulf-view single-family home
offers nearly 4,000 total square feet and an excellent opportunity
to make this property your own. Featuring three bedrooms, three
full baths, a versatile loft, charming cupola, and a convenient
three-stop elevator, the layout provides both flexibility and
functionality.
Set just back from the direct beachfront, the home still enjoys a
pleasant Gulf view along with added privacy. The large
glass-enclosed porch and open sundeck create inviting spaces to
relax, entertain, and take in the coastal setting.
Located in the gated Seawatch community at the north end of Boca
Grande, this property is just a short walk to the beach, known for
the island's best shelling.
Community amenities include two heated pools, tennis courts,
walking paths, and boardwalk access to the beach-ideal for enjoying
the laid-back island lifestyle and beautiful sunsets.
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.
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