Extraordinarily private and quiet, this pristine home occupies 2.5
acres directly on the beach in Gulf Stream. A broad green lawn
embraces the house's eastern facade and extends right up to the
dunes with the sparkling Atlantic stretching into infinity. Not
another home in sight. In addition to the dazzling view, this
exquisitely maintained property consists of five main and guest
structures, encompassing almost 16,000 sq. ft.in total. The
beautiful six-bedroom 10,000 sqft main house, designed in 1998 by
Fairfax and Sammons, recently received a complete update by
acclaimed contractor Tim Givens, along with the addition of a
two-bedroom 4,300 sqft guest house, 3 car garage, fitness center,
two guest casitas and a welcoming gate house. The property
post-renovation is substantially larger and includes more value
added amenities. The main electrical service was upgraded, whole
house water filtration, Lutron lights and shades, Savant smart home
system was installed. Other "infrastructure" services updated or
upgraded including, water, gas, fiber for internet, septic,
security, and landscape. All doors and windows were replaced with
Tischler und Sohn impact windows Each room in the house was updated
to freshen the home with an eye on retaining the coastal colonial
character of the home. In addition to the newly added structures
and improvements is a full size heated pool with deck area and new
fencing and beach access from the gazebo area.
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.
Parking Features: Attached, Driveway, Electric Vehicle Charging Station(s), Garage, Golf Cart Garage, Guest, Gravel, Open
Garage Spaces: 3
Open Parking Spaces: 7
Interior Details
Half Bathrooms: 2
Full Bathrooms: 12
Interior Features: Wet Bar, Entrance Foyer, Eat-in Kitchen, Elevator, High Ceilings, Kitchen Island, Pantry, Soaking Tub, Vaulted Ceiling(s), Walk-In Closet(s), BreakfastArea, Bathtub, DiningArea, SeparateFormalDiningRoom, MultiplePrimarySuites, MultipleEnSuiteBathrooms, SittingAreaInPrimary, SeparateShower, UpperLevelPrimary
Appliances: Cooktop, Dryer, Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Free-Standing Freezer, Gas Cooktop, Disposal, Gas Range, Microwave, Oven, Refrigerator, Water Heater, Washer
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