1559 Thumb Point Drive
About This Property
Welcome to your dream home! Built in 2021, enjoy the beach life in this stunning Hutchinson Island retreat offers everything you've been searching for.
3 Bedrooms -2.5 Baths + outdoor cabana shower Large outside parking area for your RV or Boat next to the oversized 2 car garage
Enjoy breathtaking views of Faber Cove and catch a glimpse of the ocean from the third-story crow's nest deck. The open floor plan seamlessly combines a spacious living room and family room, perfect for relaxation and entertaining. A very roomy master suite measuring 37 x 12.
Dive into the fabulous 7-foot-deep, and 36-foot-long lap pool (with shallow lounging area).
See Supplement for more information. Too many amenities and features to mention...see features list in under documents tab.
This home is priced under tax assessed value!
Located just four blocks from the beach, this home boasts solid CBS construction with a raised waffle foundation, a standing seam metal roof, impact windows, metal studs, and solid core doors throughout, exceeding current wind codes.
The beautifully appointed kitchen features all KitchenAid appliances, making cooking a joy. Plus, enjoy numerous upgrades, including AC with virus-killing UV light, culverted swales, a well and pump for a future sprinkler system.
Insurance costs are currently only $1,280 a year! (It is so low because it is a 2 year old CBS home with impact windows, metal roof and high elevation). The home is highly rated for substantial loss reduction credits. This does include wind coverage. But the current policy is only for $350,000 coverage with Front Line thru Lott Insurance. See new quote in documents again confirming how reasonable insurance is for this home. You'll also have peace of mind with a one-million-dollar transferable termite warranty.
With a hookup for a jacuzzi, ample room for your RV and boat also with full hookups, this property offers the ultimate Florida lifestyle.
Other upgrades include:
two attic storage areas, extra insulation for sound proofing and energy efficiency.
Don't miss your chance to own this piece of paradise!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 29, 2023 | Sold | ||
| Sold | |||
| Sep 7, 2023 | Listed by Coldwell Banker Paradise | $924,900 | |
| Listed by Coldwell Banker Paradise | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017