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1304 JUMANA LOOP
About This Property
Designed with grandeur in mind, the home features soaring ceilings throughout, a formal living room with a stunning two-sided fireplace, an elegant formal dining room highlighted by hand-painted ceiling details, a temperature-controlled wine room, a private movie theater, two laundry rooms (one on each level), an elevator, and three beautifully crafted decorative staircases. The third floor includes a wet bar and an elevated observation deck that rises above most neighboring homes, offering expansive views of Tampa Bay.
The luxurious primary suite boasts a private balcony overlooking the courtyard and pool, an oversized custom walk-in closet, and a spa-inspired bath complete with a sauna and Jacuzzi. Every secondary bedroom features its own en-suite bathroom and custom built-in closets. Additional architectural details include dramatic dome ceilings, faux-painted ceiling accents, and travertine flooring throughout the main living areas. Having been vacant for an extended period, the home will require exterior restoration as well as some interior repairs and updates. This presents an exceptional opportunity for an investor or discerning buyer to restore this custom estate to its original grandeur while adding their own personal style and modern finishes. With its impressive architecture, generous floor plan, premier location, and stunning Tampa Bay views, this property offers tremendous potential to become one of the area's showcase residences.
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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.
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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 Apollo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017