1945 BISHOP ESTATES Road
About This Property
Childhood memories of summers spent on the water become an inspiration. Enjoy breathtaking water views while relaxing on either of your three decks, offering a spacious area for entertaining family and friends. Watch manatees swim past, not to mention the parade of beautiful boat activity that cruise by.
This 3 bedroom 3.5 bath is an unusual find. Located in a quiet and serene section of Saint Johns this oversized lot with captivating views allows for more space between you and your neighbor. The kitchen which is open to the family room and overlooks the Creek has custom solid oak cabinetry and granite countertops. It was redone five years ago, has a separate entrance to the garden and boasts a bar and seating area for casual gatherings.
The inviting family room and sunroom have fabulous views of the Creek and an abundance of natural sunlight. The formal living room is open to the dining room, has a wood burning fireplace and allows plenty of seating options for your guests.
Two large bedrooms' upstairs are complimented by two full baths and a beautiful deck to enjoy the cool breeze off the Creek. Another bedroom and half bath off the garage perfect for maids' quarters, au pair etc. with a door to the garden and Creek.
Enjoy the view and breeze of the Creek while relaxing in your charming outdoor pool. This pristine lot has magnolia and palm trees, native shrubs and many fruit trees such as grapefruit, navel, satsuma, lemon and blood Orange.
This 2-car garage has a bedroom, bath and a pool shower. It is oversized and will accommodate all the bikes, motorcycles and more with ample space for extra storage.
A private, gated entrance and circular driveway with lush landscaping will welcome you home.
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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%.
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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 Fruit Cove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017