One-of-a-kind waterfront residence in the exclusive High Point
Island enclave off Sewall's Point, set along a rare blue-water
canal with deep-water access, completely rebuilt in 2024 to the
highest standards and professionally designed. The well planned
layout includes 4 spacious bedrooms, 4 1/2 baths, a den/office and
the rare convenience of laundry rooms on both the main and upper
levels. The gourmet kitchen features custom inset cabinetry, an
impressive 10 1/2 foot island, and professional-grade Thermador
appliances with a Sub-Zero refrigerator, ideal for both everyday
living and entertaining. The primary suite is a private retreat
offering a balcony, dual walk-in closets, a separate water closet,
a soaking tub, and an oversized spa-style shower. Outdoor living is
exceptional, with a custom heated pool and sun shelf, covered
patio, a new 55 foot dock, 100 feet of water frontage, two boat
lifts, and no fixed bridges, offering effortless access for larger
vessels. Additional highlights include a 2021 metal roof, 2025
impact glass, whole-house generator, EV-ready garage, circular
driveway, ample storage, and an oversized air conditioned garage
with 12 foot ceilings and 30 foot depth ideal for an RV, car lift,
or specialty vehicles. A rare opportunity to own a fully customized
waterfront residence in one of the Treasure Coast's most desirable
island communities.
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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