17 BRADEN CASTLE DRIVE
About This Property
IMPORTANT to mention, This home has never flooded, nor has it had any issues from the past storms.
Discover this adorable 1934, 854 sq ft cottage (with an additional 155+ sq foot office and front entry) featuring 1 bedroom, 1 bathroom, plus a versatile Florida room perfect for a home office, craft space, or guest area. This delightful home boasts fresh new laminate flooring throughout the dining and living room areas, creating a modern and low-maintenance living experience.
OPTIONAL: FULLY FURNISHED, or if preferred, it can be emptied Your choice!
Located in an exceptional 55+ waterfront golf cart community, this property offers resort-style living with an incredible array of amenities and activities.
**Home Features:**
- Move-in ready condition
- 1 bedroom + 1 bathroom + bonus room
- 854 square feet of comfortable living space
- New laminate flooring in main living areas
- No flooding history
- Golf cart accessible
**Outstanding Community Amenities:**
- **Dual Clubhouses:** Separate men's and women's clubhouses for social gatherings
- **Recreation Galore:** Library, sewing room, fitness equipment, puzzle tables, shuffleboard courts, and pool table
- **Waterfront Paradise:** 700-foot fishing pier and full marina with wet/dry boat docks
- **Boating Access:** Direct access to the Gulf of Mexico, Manatee River, and Braden River
- **Event Spaces:** Community hall and leisure hall for gatherings and activities
- **Nearby Recreation:** Braden Castle Park offers additional fun activities for residents
This active 55 and up community provides the perfect blend of relaxation and recreation, for a low $400/year HOA with an optional assigned boat slip for an additional $300/year. Whether you enjoy fishing from the expansive pier, boating to the Gulf, staying active in the fitness center, or socializing in the clubhouses. The golf cart-friendly layout makes it easy to navigate between all amenities and visit with neighbors.
Ideal for those seeking a vibrant, maintenance-free lifestyle in a water-lover's 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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017