13401 W HIGHWAY 316
About This Property
The elegant home features three bedrooms and three bathrooms in a thoughtful split floor plan. Step through the grand entry to discover sophisticated details including high tray ceilings, elegant tile flooring, and designer chandeliers. The spacious living room flows seamlessly into the formal dining area, with sliding glass doors opening to a spectacular screened lanai and pool area.
The primary bedroom suite is truly exceptional, offering a private sitting room with French doors leading to the pool area, a custom-designed dream closet/dressing room, and a spa-like bathroom complete with dual-entry shower, twin vanities, and granite countertops. The gourmet kitchen is a culinary masterpiece, featuring granite countertops, rich wood cabinetry, stainless steel appliances, and a convenient island with eat-in bar.
Equestrian amenities are equally impressive, with a 20-stall shed-row barn shaded by bottle-brush trees and a dedicated feed/tack/office room. One of the highlights is the equine exercise pool – a fantastic training asset for your four-legged athletes. The property is thoughtfully perimeter- and cross-fenced, with a separate gated entry to access the equestrian facilities directly.
The outdoor living space is perfect for relaxation and entertainment, featuring a pool with a waterfall feature and a spa. Additional highlights include a huge office/game room/workout space, convenient laundry room, and a large carport. Located in the heart of horse country, this property is minutes away from premier equestrian venues. Whether you're a serious competitor or simply love the equestrian lifestyle, this estate offers everything you need to live your best horse life!
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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