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1405 Lands End Road
About This Property
Take the elevator upstairs to your enormous master suite with his and her bathrooms, large custom closets, sitting area and large balcony peering over the pool and Intracoastal. An office connects to the master with an additional separate entrance. Located in prestigious Point Manalapan, this waterfront paradise provides amazing views of the Intracoastal. This stunningly designed home built in 2008 boasts six bedrooms and seven full bathrooms and one half bathroom. Enter the home through custom made French doors into a dramatic two story foyer looking into living room with fireplace and water views. To the left of the entry you will find a private formal dining room with a temperature controlled wine room. The open concept chef's custom kitchen and family room make entertaining easy.
Take the elevator upstairs to your enormous master suite with his and her bathrooms, large custom closets, sitting area and large balcony peering over the pool and Intracoastal. An office connects to the master with an additional separate entrance. The upstairs also contains three additional large bedrooms with en-suite bathrooms and a second laundry room.
Travel back downstairs to find two additional guest suites and a game room.
Experience waterfront living at its finest with unobstructed panoramic views of the Intracoastal, a dock ready for a large boat, spacious covered patio with summer kitchen and dining area. Enjoy the sunsets from your backyard!
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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.
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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017