Discover this distinctive custom-built pool residence in the
desirable Pinewood community, set on an expansive 1.06-acre lot
with a private, park-like setting. Offering no HOA, this home
combines spacious interiors, unique architectural details, and
generous outdoor living. A circular driveway leads to the home,
complemented by an attached three-car garage. Inside, the
thoughtfully designed layout offers four bedrooms, three and a half
bathrooms, formal living and dining spaces, and a spacious family
room featuring a fireplace and wet bar. The kitchen features an
island, shaker-style cabinetry, granite countertops, stainless
steel appliances, a custom corner sink, and a walk-in pantry.
Hardwood flooring and clay tile add character to the living
areas, while custom Mahogany double entry doors create a striking
first impression. The first floor primary suite offers a
spacious walk-in closet, cedar closet, and an ensuite bathroom with
a Jacuzzi tub, separate shower, dual vanity, and bidet. Two
additional bedrooms share a Jack-and-Jill bathroom, while the
fourth bedroom features its own private bathroom, built-in desk,
walk-in closet, and additional attic storage. Other interior
features include custom bedroom built-ins, a large laundry room
with cabinetry and a utility sink, intercom and security systems,
and built-in speakers. Major updates include a 2024 roof and
water heater, along with a 2023 air conditioning system and pool
equipment. Additional storm protection includes hurricane panels on
the downstairs windows, an automatic shutter for the upstairs
plate-glass window, and impact glass on the remaining upstairs
windows. The outdoor space features a screened-in pool,
expansive covered patio, full-yard sprinkler system, and a wooded
backyard that provides a private setting. Complete with a three-car
garage and additional storage room, this Pinewood property offers
generous space, distinctive features, and a spacious homesite with
room to enjoy.
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.
Parking Features: Attached, Circular Driveway, Driveway, Garage, Garage Door Opener, Open
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Wet Bar, Breakfast Bar, Bidet, Built-in Features, Cathedral Ceiling(s), Entrance Foyer, High Ceilings, Kitchen Island, Pantry, Attic, BedroomOnMainLevel, BreakfastArea, Bathtub, ClosetCabinetry, DiningArea, SeparateFormalDiningRoom, DualSinks, GardenTubRomanTub, JettedTub, CustomMirrors, MainLevelPrimary
Appliances: Cooktop, Dryer, Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Water Heater, Washer
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