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1785 Boca Rio Drive
About This Property
Attractive paver accents on the driveway, front walkway, and porch create exceptional curb appeal and set the tone for what awaits inside.
Large-scale neutral tile extends throughout the entire home, creating a clean, cohesive look with absolutely no carpet, while plantation shutters add timeless style and privacy throughout. The beautifully remodeled kitchen serves as the heart of the home, featuring solid oak cabinetry, quartz countertops, a large center island, tiled backsplash, and abundant storage and workspace. The open layout allows the living spaces to take full advantage of the stunning water backdrop visible from nearly every main living area, ensuring the view remains a focal point throughout the home.
The spacious owner's suite is a true retreat, offering a delightful sitting room overlooking the water that works beautifully as a reading nook, home office, or quiet escape. A generous walk-in closet and lovely ensuite bath complete the space. Two comfortable guest bedrooms and a guest bath provide plenty of room for visitors while maintaining privacy for everyone.
Residents of Grand Isle enjoy an active resort-style lifestyle with a clubhouse, heated pool and spa, fitness center, pickleball, tennis and bocce courts, plus a full calendar of activities including concerts, movie nights, trivia events, social gatherings, and more.
The HOA handles lawn care, irrigation, and exterior painting, making it easy to spend less time on maintenance and more time enjoying everything the community has to offer.
Conveniently located just minutes from shopping, dining, quality healthcare, and everyday conveniences, this exceptional home combines quality updates, spectacular views, and a carefree lifestyle in one of the area's most desirable active-adult communities.
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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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About Grand Isle
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017