18339 Forest Beach Drive
About This Property
Situated just a few feet from Lake Michigan, the soothing sounds of the waves create a symphony of serenity. No detail has been spared in the meticulous design of this home, evident in every corner. The stunning new kitchen is a chef's dream, boasting high-end appliances from renowned brands like Wolfe, Sub-Zero, and Bosch. The kitchen opens to the dine-in screen porch with an additional sitting area for entertaining. The primary bedroom suite offers a totally renovated bathroom with dual vanities, a large soaking tub, shower with rain shower head and huge walk-in closet. The second-floor balcony off the primary bedroom offers lake views, providing the perfect retreat for moments of reflection and tranquility.
Lush landscaping surrounds the property, creating a vibrant and inviting atmosphere. The wrap around porch allows you to enjoy each season's enchanting display of colors. The lower level features a versatile rec room that can serve as a fifth sleeping area and full bath, accommodating guests with ease. The attached 2.5-car garage provides ample space for your vehicles and storage needs, ensuring convenience and practicality.
Immerse yourself in the resort-like atmosphere of Forest Beach Estates, where nature takes center stage. The gated community offers an array of amenities designed to enhance your lifestyle. Take a refreshing dip in the community pool, perfect your serve on the tennis or pickleball courts, or unwind at the beautiful sunset viewing area, where the sky transforms into a breathtaking canvas of colors.
Welcome to your sanctuary in Forest Beach Estates, where luxury, tranquility, and natural beauty harmoniously blend. Embrace a lifestyle that feels like a perpetual vacation, where cherished memories are waiting to be created. Experience the epitome of refined living in this remarkable home within a gated community that offers privacy, amenities, and a sense of true exclusivity.
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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