1993 SALT MYRTLE Lane
About This Property
Step onto the clouds as you walk into the owner's suite and feel the light cushy feel of new carpet while your view looks out over the river with large, picturesque windows. A beautiful stone wall with an electric fireplace brings a warm light during the evening. Spacious owners' bath is complete with a Jacuzzi tub, large custom shower with glass enclosure, separate double sinks with vanities and two spacious closets.
Upstairs has expansive storage in the workout room with an extra-large closet. Three bedrooms all with large bright windows looking out to the river. Two fully equipped bathrooms. Custom wains coating made from engineered Australian pine on the stairs, second floor hallway and double desks for the students to study at.
Enjoy the evening sunsets while sitting out on the screened porch or screened pool deck with LED lighting. Saltwater pool is designed for volleyball, includes a heater and pop-up cleaners and is surrounded with Travertine tile. Enjoy an outside fire in the evening at the pit and the gentle sounds of a one-of-a-kind pond less waterfall with a UV light treatment to eliminate the algae. Stroll down the 300 ft shared dock with LED lighting, a 7000 lb. lift with new motor and a 40' x20' boat slip with power and water.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2023 | Sold | ||
| Sold | |||
| Jun 23, 2023 | Listed by COLDWELL BANKER VANGUARD REALTY | $1,875,000 | |
| Listed by COLDWELL BANKER VANGUARD REALTY | |||
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About Fleming Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017