$1,625,000
●
House -
Off Market
2020 VELA NORTE Circle
Atlantic Beach, FL 32233
4 Beds
3 Baths
2,498 Ft²
$8,613
Est. Monthly
1.37%
Cap Rate
About This Property
Beautifully renovated Atlantic Beach home w/ the 4th BR /3rd BA 2nd
story being added June 2024*Since purchased the owners have added
the 30 year Architectural Shingle Roof, Saltwater Pool
(heated/electric), Granite Counter & Bar area, 32'' Marine Grade
Blaze Grill (stainless-Steel insert for a Green Egg), &
Refrigerator, Travertine Deck; all part of the screened outdoor
living area *There is also a separate private shower*A dream
kitchen with Custom cabinets, 48'' Viking Cook Top & double Oven, &
Microwave, Sub Zero Refrigerator, Kitchen Aid garbage disposal &
whirlpool stainless steel dishwasher*The granite come-gather island
is an integral part of this open concept renovation plan that
blends dining & informal living (with the large bar, serving area,
& areas (check out the new door in the pantry/morning coffee area),
tongue and groove ceilings*Formal living room features a 2 sided
gas fireplace & 5'X8' French doors that lead to the outdoor living
space Owner's suite features the same 4mm wood floors as in the
entry, living room, family room, kitchen, dining room* owner's
bathroom has custom barn doors, double sinks, tile floors & the
"Wet Room with Shower & Deep Soaking Tub*The laundry room features
a sink & cabinets & the "Herringbone Floors" are a nice touch! All
"3-wire" wiring was replaced with 4 wire that has an additional
neutral wire per code*New 5 Panel Glass Door in Mahogany finish at
main entrance, new 5 panel shaker interior doors, 5 Panel folding &
swing doors for closets, Pecky Cypress Living Room Shelving,
Shiplap ceilings in & Speakman shower head, all brass valve
(showers) in secondary bathrooms & pantry*Fiberglass 36" side
doors at side entrance, garage entrance & Owner's suite door to
pool deck*Custom shelving, & closet organizer system in all lower
closets in bedrooms, hall & linen closet*Kinetico water softener
system, Pavers in driveway & walk way, home was replumbed, all
wiring was upgraded, full lot irrigation system w/internal
communication to adjust for rain, The garage has Epoxy painted
floor & full height storage cabinets. The backyard features a
firepit and a custom built Tree House! The sellers have
Architectural and Fully Engineered Plans for a rear Bathroom
addition and covered pool area*Garage Refrigerator, Flag Holder on
right side of garage and washer/dryer do not convey*Floor plan
included in photos.
Unit Size
2,498 Ft²
Days on Market
50 days
Land Size
0.39 acres
Price per sqft
$651
Property Type
House
Property Taxes
$634
HOA Dues
-
Year Built
1985
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (Real MLS #2042582)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 4, 2024 | Sold | ||
| Sold | |||
| Aug 31, 2024 | In contract | - | |
| In contract | |||
| Aug 15, 2024 | Listed by RE/MAX SPECIALISTS | $1,625,000 | |
| Listed by RE/MAX SPECIALISTS | |||
| Nov 8, 2023 | Listed by ENGEL & VOLKERS FIRST COAST | $1,425,000 | |
| Listed by ENGEL & VOLKERS FIRST COAST | |||
| | |||
|
Are you ready to live your best Life.... BEAUTIFULLY REMODELED SINGLE STORY HOME W/ POOL, SUMMER KITCHEN & SCREEN ENCLOSURE ADDED IN 2021, AMAZING finishes thru-out, SHORT walk to Beach & ABCC, high ceilings, lots of natural light, expands to outdoor living W/ salt water heated POOL 28' x 14', non slip Travertine decking, Amazing Screen enclosure & Summer Kitchen w/ marine grade grille, expanded outdoor lighting, 2 Sided FRPL, VERY private, custom tree house w/AC, large backyard w/firepit, outdoor shower. Top of the line kitchen w/commercial grade gas stovetop by Viking, crushed granite sink, wide plank tile flooring, walk in pantry, gorgeous PRIMARY bath w/soaking tub, Custom closets, updated laundry rm , epoxy painted gar fl , built in storage and more..... . New Roof - 30 Tear Architectural Shingle
· All new 5 Panel Shaker Doors on interior
· New 5 Panel Folding and Swing Doors for Closets
· New Fiberglass French Doors 5' X 8' Leading to Pool Deck Area
· New Fiber Glass 36" Side Doors W/Built In Venetian Blinds at Side Entrance,
Garage Entrance & Master Bedroom to Pool Deck
· New 5 Panel Glass Door in Mahogany with matching frame for Main Entrance
· New Double 5 Panel Glass Barn Doors at Pantry
· Large Dining Area and Windows
· Custom Hand Made Barn door for Master Bathroom
· Venetian 2" Wood Blinds and Draperies
· Pecky Cypress Living Room Shelving, Fireplace Hearth & Kitchen Lounge Area
· Tongue & Grove Ceiling in Family Room & Dining Area
· Shiplap Ceilings in Both Bathrooms & Pantry
· Speakman Shower Head & Simmons all Brass Valve I both bathroom showers
· Custom Shelving in Pantry
· Master Bathroom with Wet Room for shower and Deep Soaking Tub
· Closet Organizer System in all Closets Bedrooms, Hall & Linen
· Large Bar and Serving area w/Storage in Kitchen Lounge Area
· Interior Laundry Room with Shiplap Ceiling & Cabinets
· Ceramic Tile throughout House
· Outdoor Shower for Beach Days
· Custom Cabinets with Viking Cook top 48", Viking Double Oven, Viking
Microwave, Sub Zero Refrigerator 3D4 HP Kitchen Aid Garbage Disposal &
Whirlpool Stainless Steel Dishwasher
· Granite Counter Tops in Kitchen & Bar Area
· Kenetico Water Softener System
. Full house Re-Plumbed with CPVC
· Driveway & Walkway Pavers
· Screened in Enclosure for pool and deck area
· Outdoor Kitchen w/32" Marine Grade Blaze Stainless Gas Grill, Refrigerator and Insert For Green Egg
· Granite Counter Tops & Bar Area for Outdoor Kitchen
· Salt Water Pool 28' X 14' with Silver/Gray Travertine Deck & Electric Heater
. 2-Sided Fireplace
- '2021 30 YEAR ARCHITECTURAL ROOF
· Irrigation System Front & Sides of House
· Custom Tree house with A/C, Shiplap Walls, Front Deck and Vaulted Ceiling
. Epoxy Painted Garage Floor and Added Storage Cabinets on each side of the inside of garage
- Seller has the plans available to add a 2nd story Bedroom w/full bath.
| |||
| Sep 5, 2021 | Listed by ENGEL & VOLKERS FIRST COAST | $1,049,000 | |
| Listed by ENGEL & VOLKERS FIRST COAST | |||
| | |||
|
INCREDIBLE POOL HOME with top of the line finishes throughout, short walk to the beach & ABCC, high ceilings w/lots of natural light, expands to outdoor living w/brand new salt water heated POOL 28' x 14', non slip Travertine decking, Amazing Screen enclosure & Summer Kitchen w/ marine grade grille, expanded outdoor lighting, Exceptional private setting, custom tree house, large backyard, new landscaping, outdoor shower. New top of the line kitchen w/commercial grade gas stovetop, crushed granite sink, all one level, new wood looking wide plank tile flooring, large walk in pantry, gorgeous master bath w/spa like soaking tub, custom closets, new laundry room, freshly painted interior & exterior and MUCH MORE....SEE FEATURE SHEET ATTACHED
| |||
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Listed by: JUDY HICKS, RE/MAX SPECIALISTS
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 2042582
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 2042582
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