***Backup offers are welcome!*** Welcome to refined comfort in the
highly desirable Collins Estates. Nestled in a peaceful
neighborhood just minutes from the sparkling Gulf beaches, this
exceptional residence offers the perfect balance of luxurious
living and a relaxed, family-friendly lifestyle. From the moment
you enter, you are greeted by soaring vaulted ceilings, abundant
natural light, and an inviting open layout. The spacious living
room features sliding glass doors that seamlessly connect to the
screened lanai and pool area. Designed for both everyday living and
entertaining, the chef's kitchen showcases gleaming granite
countertops, abundant cabinetry, a breakfast bar, stainless steel
appliances, and additional space for casual dining. The adjacent
family room features durable tile flooring and a cozy electric
fireplace, creating a warm gathering space that flows effortlessly
to the outdoor living area. Outside is your own private tropical
retreat, complete with a screened-in pool and spa, where expansive
sliding doors from both living areas invite seamless indoor-outdoor
living under the Florida sunshine. A deep well irrigation system
helps maintain the lush landscaping while providing an efficient
and cost-effective water source. The primary suite serves as a
private sanctuary with soaring ceilings, abundant natural light,
beautiful wood flooring, and direct access to the lanai. It also
features an oversized walk-in closet and a spa-inspired ensuite
bath with dual vanities, a luxurious soaking tub, and a separate
walk-in shower. Two additional bedrooms share a full bath, while
the fourth bedroom offers a private entrance and full bath, making
it ideal for guests, multigenerational living, or an in-law suite.
Additional highlights include a brand-new water heater, a three-car
air-conditioned garage, a Samsung all-in-one washer/dryer, and a
prime location close to the area's finest shopping, dining,
schools, and Gulf beaches. Located outside of a flood zone, this
remarkable home offers peace of mind and an exceptional opportunity
to experience the very best of Florida's coastal lifestyle.
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.
Outstanding! With loads of instant appeal, this property offers numerous features that are certain to please the most selective buyer! Situated in the very desirable Collins Estates subdivision, a non-evacuation area yet minutes to beautiful Gulf beaches, the 4 bedrooms, 3 bath, 3 way-split plan has an open and airy feel blending formal living areas and informal space perfectly. The residence features a 3-car air-conditioned garage, a very spacious kitchen, breakfast bar, impressive cabinetry and pantry for all your storage needs and counter space with gleaming granite. Adjacent to the fully equipped kitchen is the inviting great room where family and friends can gather by the exquisite fireplace or enjoy more formal moments and entertain grandly in the separate dining and living areas. Kitchen, great room and living rooms open to the refreshing pool and spa with screen enclosure offering additional space and lots of enjoyment in the Florida sunshine. The primary suite is impressive! Large walk-in closet and ensuite bath areas are generous in size-separate walk-in shower, spacious soaking tub and dual vanities complement this area with high ceilings and lots of natural light. Collins Estates is a stellar location, convenient to public beaches, shopping, restaurants, churches, schools and much more. No flood zone or evacuation offering all the attributes that make this a rare find and outstanding opportunity!
Realtor remarks.
Parking Features: Covered, Driveway, Garage Door Opener, Oversized
Garage Spaces: 3
Interior Details
Full Bathrooms: 3
Interior Features: Built-in Features, Ceiling Fan(s), High Ceilings, Open Floorplan, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s), Eating Space In Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat, Window Treatments
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