123 Rolling Dunes Drive
About This Property
The home site is positioned on a double lot making it one of the largest lots around 30A; resulting in a massive 110' x 209' parcel that allows for a sensational 5,000+ sqft residence, parking for 6+ vehicles, and an expansive backyard full of endless entertainment.
The backyard is deliberately designed to entertain multi-family gatherings and features a stunning pool with spa, a full-size volleyball court, a three-hole putting green, a stone fire pit, and a large gazebo for outdoor dining.
Effortlessly infusing indoor/ outdoor living, the first level is constructed for poolside entertainment and equipped with a Brunswick pool table next to a comfortable living space. A pair of Sliding glass doors and glass paneling allows for a beautiful vantage point of the outside lanai and resort pool. The brilliantly covered poolside lanai offers a shaded lounge next to a complete outdoor kitchen featuring a 36'' Built-in Grill with ProSear Burner and Rotisserie Viking 7 Series. Tropical landscaping surrounds the masterful private resort-style pool and showcases a swim-up bar and a calming waterfall descent wall. The built-in poolside gazebo features a pair of edgy fire bowls on each side, providing a tranquil atmosphere with picturesque moments.
The second-floor hosts a chef kitchen with noteworthy features including a 48" Gas Range Viking 5 Series with pot filler, kitchen island with waterfall quartz, dual Viking dishwashers, and floor-to-ceiling custom cabinetry. A chic dandelion chandelier is a centerpiece for the custom dining room table that seats 16. Continuing the outdoor living concept, the dining room leads to a large L-shaped balcony that features a Milan Linear See-Thru Fireplace. This residence's 8 bedrooms are all paired with private baths with comfort in mind.
The 4th-floor rooftop bar is a sensational piece of architecture that offers both covered and open sky space. The awe-inspiring rooftop pairs stunning views of the Gulf of Mexico with a Linear Cabo Concrete Fire Pit plumbed with gas for unmatched scenery. The rooftop also offers a 30" Lynx built-in cooktop grill with a bar and concluded with a 50" TV. Another rare commodity is the elevator which will reach the 4th-floor for added luxury and convenience. This private residence is a true Gulf Coast sanctuary that provides multi-family groups with an elevated vacation experience. Currently under construction, this home boasts a flair for luxury, blending tranquility with the modern-day resort and designed with coastal elegance in mind.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017