2040 Isla Vista Lane
About This Property
Upon entering, you'll be greeted by a sophisticated yet welcoming ambiance, with a turret foyer entry leading into a living room with 16-foot coffered ceilings, a grand fireplace, and custom cabinetry. The family room is ideal for entertaining, featuring a custom bar with two refrigerators, a second dishwasher, and expansive views. At the heart of the home is the newly updated gourmet kitchen, a chef's dream, equipped with top-of-the-line appliances, beautiful cabinetry, and sleek finishes. The adjoining dining and living areas create a seamless flow, perfect for hosting soirees or cozy family gatherings.
Step outside to your private outdoor sanctuary, completely transformed for both relaxation and entertainment. The resort-style pool, framed by panoramic views of the serene lake and golf course, has been meticulously redesigned. The outdoor kitchen is equipped with all the essentials for alfresco dining and effortless entertaining.
The primary suite is a serene retreat, featuring a newly remodeled ensuite bathroom with elegant, contemporary fixtures and finishes. This thoughtfully-designed bath has design and function details that make a difference. Each of the three, ensuite guest bedrooms, are generously sized, with high ceilings, custom walk-in closets, and great design, making your guest's stays memorable.
A long list of recent upgrades ensures this home offers style, safety, and functionality. A new roof was installed in 2020, featuring lightning rods, solar exhaust fans, and oversized gutters. Impact windows/doors provide peace of mind, while a whole-house GENERAC generator, powered by a 1,000-gallon buried propane tank, ensures preparedness for any situation. With hurricane Milton's fierce winds, the surrounding neighborhood lost electricity...yet life in this home resumed normally, with no interruption of power. The home also features electric roll-down hurricane shutters for easy patio furniture storage.
Additional features include a two-car garage, a separate golf cart garage, landscaping & updated lighting, and a redone paver driveway to match the neighborhood street pavers.
Located in the prestigious Grey Oaks Country Club, this home offers access to a 30,000-square-foot Wellness Center, two Clubhouses, three restaurants, three championship golf courses, and a world-class racquet center, fitness classes, bocce ball, and a resort-style pool, creating a truly luxurious lifestyle. Welcome 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%.
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017