1955 Compass Cove Drive
About This Property
The high ceilings and open concept layout showcase the spectacular natural setting through a cascade of large windows and glass paned French doors. Wide-plank hardwood floors are found throughout this beautiful home along with the convenience of five ensuite baths and two potential home offices.
Even the most discerning chef will find a lot to love in this home's gleaming gourmet kitchen, fitted with state-of-the-art Wolf and Sub Zero appliances. Its oversized island has a farmhouse-style sink, generous counter space, and in-cabinet illumination to find what you need with ease. The primary bedroom features his-and-hers walk-in closets, double vanity, freestanding soaking tub, and easy access to a delightful exterior patio and spa. An entire wall of windows offers spectacular water views and of the lushly landscaped gardens.
Watch passing boats from the comfort of your sizable lanai, or bask in the abundant sunshine by the southern facing infinity pool. Down at the water's edge, you'll find your private dock with two boat lifts and private sea life viewings.
Located a short distance off of A1A, with deeded beach access, and close to the Moorings Yacht and Country Club with an expansive golf course.
A tour of this marvelous coastal retreat will leave you in awe of the dream life that awaits you!
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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 South Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017