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1200 Bimini Lane
About This Property
The second floor, accessible via a private elevator or staircase, offers a gorgeous master suite, two additional guest suites with private baths, an office/den with a Murphy bed, a wet bar area, and a covered lanai. Outdoor living is equally impressive, with an outdoor kitchen, natural gas grill, and a large pergola perfect for enjoying ocean breezes. The dock is fully equipped with electricity, water, a fish cleaning station, and a 10,000 lb boat lift, making it ideal for any boating adventure.
Additional features include a full-house 80kw Generac Quiet Source generator, high-end plumbing and electrical fixtures, a Sub-Zero appliance package in the kitchen, and a Trane A/C unit in the garage, perfect for a home gym. Security is paramount with a comprehensive system including cameras inside and out. The backyard is a true oasis, with a spiral staircase connecting the upstairs balcony to the pool area, artificial grass, professional landscaping, and a full-house water purification system.
Located on the coveted Singer Island, this property is more than just a home it's a personal retreat where modern craftsmanship meets unparalleled coastal living. Paradise is calling!
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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%.
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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 |
|---|---|---|---|
| Mar 3, 2025 | Sold | ||
| Sold | |||
| Jan 21, 2025 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by Keller Williams Realty - Welli | $4,500,000 | |
| Listed by Keller Williams Realty - Welli | |||
| | |||
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BRING YOUR BOAT! Step into a world of luxury with this stunning waterfront home, built in 2019 and situated on a spacious intracoastal lot. Boasting 100 feet of prime waterfrontage, this property is a dream come true for boating enthusiasts, offering deep water and a wide channel to accommodate up to an 80-foot yacht. Located on the prestigious Bimini Lane, residents enjoy deeded beach access, enhancing the coastal living experience. Enter through grand, oversized doors into an open floor plan that exudes elegance. The expansive living space, over 4,200 sq ft under air and more than 6,000 sq ft in total, features breathtaking water views visible from rear sliding glass doors that open to a pool and vanishing edge spa. This 5-bedroom, 5.5-bath home is designed for comfort & style.
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| Nov 6, 2019 | Sold | ||
| Sold | |||
| Feb 20, 2019 | Listed by Keller Williams Realty - Wellington | $2,595,000 | |
| Listed by Keller Williams Realty - Wellington | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017