Waterfront! This is the largest model with three-stories of
living space and the perfect lake front location-from the
grand two-story entry, to double height living spaces; formal
dining room with coffered ceiling, triple Pella doors, wainscoting,
living room with gas fireplace and Mahogany surround, this home is
brilliant! The open-concept center island kitchen has a Thermador
gas 6 burner cook-top, double draw dishwasher, Sub-Zero
Refrig/Freezer, Thermador double oven, Miele coffee station and
water filtration at sink; an adjoining family room has outside
access and a built-in entertainment center. There is plenty of room
for everyone to enjoy. Step outside from multiple sets of Pella
doors to a maintenance free trex deck and boardwalk access to
Clubhouse and amenities. Revel in the views from nearly every
living space! The main level ensuite bed/office is
conveniently located off of the main living spaces, plus laundry
room, 3 car garage access and powder room. On the second
level a principal suite is a sanctuary with its multiple walk-in
closets, new spa like bathroom (free standing tub, separate
frameless shower and double sinks). There are 3 additional
bedrooms, full bath and a large landing over-looking an impressive
view of the primary living spaces. The lower level is a rare and
sought after walk-out with an office/ gym or 6th bedroom, wine
room, great room, new full bath and access to rear yard patio,
boardwalk and lakefront. In addition, there is radiant heat on the
entire first floor and lower level, state of the art mechanicals, 6
zones gas heat and 3 zones CAC, whole house water filtration.
Situated in a gated community amenities include, restaurant,
indoor and outdoor pools, club house, gym (his/hers lockers),
tennis, poolside snack bar and playground. A once in a lifetime
timeless and high end home with rich appointments for the most
particular buyers. This is a rare (1 of 4) boardwalk access and
fenced property., Additional information:
Appearance:Diamond,ExterioFeatures:Tennis,Interior Features:Guest
Quarters
Unit Size
3,461 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$511
Property Type
Condo
Property Taxes
$2,334
HOA Dues
$752
Year Built
2001
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
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