1307 Savannah Drive
About This Property
The main level is finished out with a stunning primary suite that is waterfront. As you enter this retreat, thoughtful design finishes are shown throughout including custom Schumacher grasscloth wallpaper, electric fireplace, wall sconces, hardwood floors and an ensuite primary bath only dreams are made of! This bath includes two oversized vanities-separated to maximize counter space, Quartz countertops, a tiled shower, soaking tub and two large walk-in closets. This serene retreat is truly a must see and offers a large private space within your 4,527 SF home.
This contemporary design spans onto the second level offering expansive bedrooms and 2 full baths. This level has 4 bedrooms and an expansive, impressive storage capacity - great for the holiday decor, sports items and so much more. One of the bedrooms hosts a large en suite bath and the other bath is a Jack and Jill bath, which has separate sink areas that can be closed off - great for children who share a bath or guests that need to share with family. All bedrooms on the upper level offer great water views and the landing between bedrooms gives great views of the Bay overlooking the two-story living area that is flooded with natural light.
As you step back into the living room and enter the outdoor living area, you'll notice the thoughtfully placed plantation shutters which open the view to the Bay but also provide a level of privacy some may desire. The covered porch by the pool is large enough for a dining table, lounge area and a hot tub. The pool is great for entertaining and with views of the Bay - you may never leave the outdoors. Step off toward the side of the house toward the garage and you'll have access to the full bath.
The best part...the dock is accessible by the pool deck and fence and offers a highly desirable composite wood decking along with a 6K LB boat lift.
Get ready to live your best life on the water in Panama City, Florida!
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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