121 Bonefish Circle
About This Property
Showcasing 2100 square feet of living space, this three bedroom, three bath home features a split floor plan, impact resistant windows and sliding doors, tile flooring, Deslaurier custom Kitchens including cabinetry and closets, electric shades, walk-in closets, custom bunk bed room with shiplap walls, frameless showers, mudroom entry, upscale light fixtures, two car garage with new epoxied flooring, new AC, electric and plumbing. The spacious master bedroom has its own personal AC unit, which can be controlled via phone or remote control. The brand new kitchen is a chef's dream with quartz countertops, custom cabinets and pantry, slow-close cabinet doors, seaglass tile backsplash above the Kitchenaid cooktop, built-in microwave, and large center island. Professionally designed by Jaime Albert Designs (Charleston, SC), this beach home is characterized by its contemporary style and appointments.
From an exterior perspective, the home boasts a new roof, saltwater swimming pool, new travertine tile pool decks and patios, Southwest Greens synthetic grass, new irrigation, outdoor shower, and professional landscape. The swimming pool, which was newly resurfaced and features LED lights. The backyard is one of the largest in Ocean Walk, and the private front yard is a tranquil garden. Video surveillance cameras and home security provide another level of safety and protection. As the home is so close to the ocean, owners can hear the waves crashing as they sit by the pool.
Amenities in Ocean Walk include two gates entrances, picnic area, and private access to the beach. Owners appreciate the low HOA fees, friendly neighbors, and close proximity to the Atlantic, Harbourside Place, Jupiter Lighthouse and a host of restaurants and retail shopping.
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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%.
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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 |
|---|---|---|---|
| Oct 21, 2022 | Sold | ||
| Sold | |||
| May 23, 2022 | Listed by Nicklaus Vance | $2,500,000 | |
| Listed by Nicklaus Vance | |||
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About Ocean Walk Place
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017