1473 N Ocean Boulevard
About This Property
The estate includes an impressive main residence, a private four-bedroom guesthouse and an inviting swimming pool with a delightful cabana. Outside, native flora gives way to manicured gardens and an expanse of lush oceanfront lawn.
Throughout the public spaces of the main residence-which include a living room, a formal dining room, a media room and a chef's kitchen-ceilings are voluminous, light is plentiful, and views of the ocean are direct and alluring. The kitchen is impeccably outfitted with white lacquer cabinetry, an island, two Wolf ovens, two cooktops, and a Sub-Zero refrigerator-freezer. A relaxing loggia with a fireplace faces west.
A second loggia leads to the master suite, secluded beneath a roof of its own. A true oasis, it boasts his and her offices, baths, and walk-in closets; a gym with a wet bar; and a kitchenette. The master suite's private loggia looks out toward the ocean. The poolside cabana offers a living and dining area with a fireplace and a convenient half bath. An additional guest suite with private access and a full bathroom is nearby. On the secluded lower level are a media room, wine cellar, storage and office space, a laundry room and a garage.
Nearby, the private guesthouse offers a living and dining area on the first level, and on the second, four bedrooms with en suite baths, a living room, and a kitchen with a calming coral palette. Beyond the estate's lawn and a boundary of mature palms, paths wind through beautiful expanses of sand dunes toward the beach and the majestic ocean beyond.
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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%.
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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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About Manana Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017