Completely updated in 2026, this six-bedroom home with high
elevation and fast water direct access to the gulf offering luxury
living. This beautiful home features abundant natural light, custom
cabinetry throughout and a fully equipped appliance gourmet kitchen
with a large island that opens to the great room with a striking
fireplace feature wall. A spacious dining area flows seamlessly
into the kitchen and dining space. The main level includes four
bedrooms, one with private exterior access. It has a luxurious
primary suite complete with a private outdoor shower. Enjoy the
convenience of upstairs and downstairs laundry rooms. The walkout
lower level is designed for entertaining, featuring two additional
bedroom suites, a custom movie room with TV, popcorn station,
refrigerator and built-in cabinetry, plus a full summer kitchen
with island and dining space, all opening to beautiful pool and
waterfront views. Additional gathering space includes serving
cabinetry and towel storage. Go outside to a resort-style setting
with a spectacular pool, large spa, fire bowl seating area,
fountains, sunning space and expansive seating areas. An outdoor
dining area with built-in grill and cabinetry enhances the
experience, along with additional guest parking. The oversized
air-conditioned garage downstairs showcases a custom floor, LED
lighting and glass doors, and opens to a unique cigar/sports lounge
with bar cabinetry, refrigerators and a half bath. The property is
fully landscaped with a gated rear entry for added parking and
garage access. In addition, there is an upstairs air-conditioned
two-car garage that can also accommodate car lifts. Ideally located
for boating enthusiasts with easy access to open water. With new
mechanicals, roof, pool and interior finishes throughout, this home
offers a blend of luxury, comfort and 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.
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