120 Circuit ROAD
About This Property
This luxury 5,300 SF Arthur Rutenberg custom 4 Bed, 4 Bath, 1 Half Bath & 1 Pool Bath home was recently built in 2017 and offers 141' of water frontage with private dock. You can go from the ultimate waterfront living to offshore fishing with only 5 minutes to the Gulf of Mexico by boat and only a 7 minute drive to the interstate. Beyond the infinity edge, award winning swimming pool is a private boat dock, 20x10, also recently built in 2017. The property was fully fenced and features a drive through aluminum gate for your privacy and security that was just completed in 2021 surrounded by mature trees that offer beautiful foliage. Taking full advantage of the mesmerizing bay views, the spacious, open-concept living space flows seamlessly to the dining area and chef-inspired kitchen. The kitchen opens up to the two living areas and breakfast nook area for a round table and more seating. Ideal for entertaining small or large gatherings, the kitchen features an extra large island with abundant seating, recessed ceilings, granite countertops, Thermador stainless steel appliances, 6-burner gas stove, wine refrigerator and walk-in pantry. The principal rooms feature 12 ft ceilings and large windows flooding the rooms with natural light and further enhanced by the westerly water views. The main floor also consists of a den, bonus room with beautiful water views, bedroom, workout room with full bathroom, and walk in laundry room. The master bedroom has two separate walk-in closets as well as a private courtyard with a fountain. The second floor features a large balcony overlooking the Gulf of Mexico, huge bonus room, another bedroom with full bath and separate den or office.
The car enthusiast will appreciate the 5 car garage and room for 2 cars parked on the outside of each side of the garages. Through the French doors, you'll find the outdoor summer kitchen and beautiful award winning custom 50 foot salt water infinity pool. Premium features include an infinity edge, LED lighting, extended sun shelf and hot tub surrounded by travertine pool deck, all raised to impressive heights to avoid flooding. This incredible waterfront residence affords the option to never leave home, yet if you do, you'll find it's a very short drive to an abundance of shopping and dining including Historic Downtown Venice and minutes away from Casey Key beach. Located in one of the most desirable areas on the Gulf Coast of Florida. This home is Move In Ready!
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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 |
|---|---|---|---|
| Dec 21, 2021 | Sold | ||
| Sold | |||
| Jul 26, 2021 | Listed by OWN SRQ LLC | $4,295,000 | |
| Listed by OWN SRQ LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017