17 Siasconset Lane
About This Property
The home makes a strong first impression with its location, exterior condition in excellent shape and an extended driveway adds parking for guests and family. The 2-car garage provides room for the golf cart with new lithium batteries, 4 bikes and 1 e-bike, all of which convey with the home. Store your beach gear and still have room for an additional car. An elevator serves all three levels, making it easy to move between floors with luggage, groceries, or guests of any age.
Inside, the finishes and upgrades set this home apart. Shiplap walls run throughout, paired with crown molding, stunning hardwood and hard tile floors, and plantation shutters with custom window treatments in every room. The result is a bright, cohesive coastal look that feels both relaxed and refined.
The second level is designed for living and entertaining. The open kitchen flows into the dining and living areas, so whoever is cooking stays part of the conversation. An oversized pantry offers abundant storage for long weekends and full houses with a second refrigerator, and a separate sitting room gives everyone a second place to gather or unwind. A laundry room and powder room are conveniently located on this level, as well. Step outside to the screened porch, an extension of the living space where you can enjoy the Gulf breeze year-round.
The entire upper level hosts the primary suite as well as two additional guest bedrooms and a hallway bath. Wake up to gulf views from your primary suite, enjoy your own private covered porch with Gulf views and control the light with automatic shades at the touch of a button.
The lower level features a lock-out unit with its own sitting area and sleeper sofa, giving guests a private space and giving owners flexibility to host extended family and give them the privacy they desire.
The home conveys fully furnished and ready to enjoy or rent from the day you close if your desire is rental income with an investment property. An upgraded alarm system with cameras throughout adds peace of mind whether you live here full-time or manage it from afar. An outdoor shower makes rinsing off after the beach simple and keeps sand out of the house.
Prominence on 30A offers low HOA dues and resort-style amenities, including two community pools, grilling and picnic areas, fitness center and access to the east end of 30A which is so highly desirable. The Southside pool is a short walk away, as is The Big Chill, with dining, shops, a Farmer's Market, live music, and football games and movies on the Green.
Never rented, fully furnished, and positioned for incredible rental potential, this home is ready to be your primary residence, second home, or investment.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017