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1241 ROYAL TERN DRIVE
About This Property
Designed for both comfort and peace of mind, the home showcases extensive upgrades and quality improvements throughout, including a durable standing seam metal roof, full hurricane protection, and a whole-home backup generator. The thoughtfully enhanced interior features an updated kitchen, spa-inspired primary suite, refreshed guest accommodations, and a functional laundry space, all blending timeless style with everyday livability.
Outdoor living is equally impressive, highlighted by a resurfaced heated pool, upgraded lanai with elegant finishes, and expansive entertaining areas that embrace the waterfront setting. Additional improvements include modernized mechanical systems, updated windows, enhanced electrical components, and meticulously maintained structural and aesthetic features throughout the home.
With a spacious layout with a primary suite on the left side with two walk in closets and an updated bathroom, an open floor plan with vaulted ceilings with the living room, dining areas and kitchen all open to the beautiful outdoors, a large two-car garage, and a prime waterfront location offering quick access to world-class boating, fishing, dining, golfing, and coastal amenities, this property represents an outstanding opportunity to experience the very best of Southwest Florida waterfront living. Be sure to ask for the FEATURES SHEET & ATTACHMENTS INCLUDING TRANSFERRABLE FLOOD INSURANCE & VIEW BOTH VIRTUAL TOUR LINKS
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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.
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About Punta Gorda
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017