190 Coopersmith Lane
About This Property
Designed to embrace its stunning surroundings, the floor plan seamlessly flows from indoor to outdoor spaces, offering panoramic views of the majestic Gulf waters and the picturesque WaterSound Beach. Relax and unwind in the luxurious courtyard oasis, complete with a heated pool and outdoor gas firepit, perfect for entertaining or enjoying tranquil evenings under the stars. Connected via a second-level walkway or its own private exterior staircase, the carriage house offers additional living space and a full kitchen, situated above the two-car and one golf cart garage. This remarkable retreat is a must-see for the discerning buyer seeking the ultimate blend of serenity, style, and coastal charm.
The gated WaterSound Beach community is located south of Scenic Highway 30A offering homeowners a rare sense of seclusion yet with easy access to area activities. Amenities include swimming pools, a puttering park, community green spaces, a state-of-the-art fitness center, and private boardwalks to one of the most beautiful miles stretches of coastline in the area.
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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