Situated on a quiet island street, this is a rare opportunity to
own a brand-new waterfront home on one of the most coveted streets
in Admirals Cove. With desirable southern exposure, and offering
direct ocean access this is a property you won't want to miss!
Built by award-winning Hasey Construction, this residence offers
6,450 square feet of air-conditioned living space across two
levels, with over 8,100 square feet total under roof. The
thoughtfully designed layout features five en-suite bedrooms, a
private club room, four-car garage, and expansive open living areas
created for both everyday comfort and elevated entertaining. The
main level is centered around an expansive open-concept living
environment, including a dramatic great room with linear fireplace,
formal and casual dining , and a beautiful kitchen with an island,
butler's pantry and wine storage. This home has seamless transition
to the covered outdoor living area with summer kitchen. The primary
suite is privately positioned and offers dual walk-in closets and
spa-style baths. Upstairs, the home features three guest
suites, each with walk-in closets and en-suite bathrooms, along
with a dedicated upstairs laundry room, loft, and sun deck.
Admirals Cove is one of Jupiter's most prestigious gated
communities, offering 45 holes of championship golf, two driving
ranges, two clubhouses, a private on-site hotel, a deep-water
marina with ocean access, multiple dining venues, state-of-the-art
fitness and spa facilities, tennis and pickleball courts, and
24-hour manned security, along with an unmatched country club
lifestyle.
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.
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