SPECTACULAR VIEWS of the Harbor, Mountains & City Lights!
Fabulous Penthouse on one level with 3 Bedrooms, an Office &
3.5 Baths! The light and open floor plan is approx. 4,018 sq.
ft with skylights throughout. Located in the exclusive gated
Harbour Island Community. There is a private elevator from
the foyer to take you up to this opulent property, which is
meticulously maintained. The elegant living room and formal
dining area have a fireplace, wet bar, custom glass shelves &
French doors opening to a large balcony with Amazing Water Views!
There are 2 large master suites on 2 separate wings, each
with a fireplace, one currently being used as a family room/library
with built-in shelves & a wet bar. One of the master baths
features dual sinks, a steam shower, large soaking tub, and huge
organized walk-in closet. All baths have been tastefully
remodeled with marble counters. A third bedroom has an en
suite bath & custom spa tub & shower. The separate office has
French doors opening to a balcony with awesome views! The
gourmet center island kitchen has been beautifully remodeled, and
features granite counters, stainless steel appliances, a breakfast
bar & a family eating area with Spectacular views! There are
3 balconies for entertaining & enjoying the harbor boat activity
and sea life! 2 HVAC Units & 2 Hot Water Heaters for each
wing. Direct access to the oversized 2 car garage with a large
storage area. Enjoy the community pool, spa, large community
room with kitchen, private waterside walking paths, and social
activities & classes. Boat docks & kayak storage are
available. Harbour Island is a prestigious gated community
with only 129 condominiums on the main channel in the Channel
Islands Harbor! There are only 6 units that enjoy a Private
Elevator to the top floor! Easy access to restaurants,
shopping, beaches & 3 yacht clubs in the Harbor area. There
is no mello roos. This is a Wonderful primary residence of
second home by the water! Hurry For This Rare Opportunity to
Live Your Dream By The Water! You Have Arrived!
Unit Size
4,018 Ft²
Days on Market
77 days
Land Size
0.09 acres
Price per sqft
$566
Property Type
Condo
Property Taxes
-
HOA Dues
$1,364
Year Built
1991
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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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