In the private, gated enclave of Gordon Drive Estates a mere three
doors from the sugar sand coastline, lies this meticulously
maintained, custom home enveloped by lush, tropical foliage. The
entire residence is defined by volume ceilings, as well as large
sliders and transom windows that allow natural light to pour in and
create a warm, comfortable ambiance. The floor plan flows through
3,033 sq. ft. of living space - all culminating in the spacious
atrium that is perfect for entertaining. The kitchen is open to the
family room and features two center islands, granite countertops,
Viking appliances, a pantry, and custom cabinetry. Secluded and
offering the utmost in privacy, the master suite is sprawling and
is accompanied by a luxurious bath with Carrera marble flooring, a
soaking tub that is flanked by a fireplace, and spacious walk-in
shower. The home also encompasses a charming second bedroom with
private bath, a cabana guest suite with private entrance, and a
study. Gordon Drive Estates offers tranquility and luxury with its
resident-only gated beach access, as well as enjoys the convenience
of being located within seconds to the renowned shopping and dining
found on Third Street South. Additionally desirable and worth note
is that this home did not receive any interior water intrusion
during recent storms, including Ian.
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.
In the private, gated enclave of Gordon Drive Estates a mere three doors from the sugar sand coastline, lies this meticulously maintained, custom home enveloped by lush, tropical foliage. The entire residence is defined by volume ceilings, as well as large sliders and transom windows that allow natural light to pour in and create a warm, comfortable ambiance. The floor plan flows through 3,033 sq. ft. of living space - all culminating in the spacious atrium that is perfect for entertaining. The kitchen is open to the family room and features two center islands, granite countertops, Viking appliances, a pantry, and custom cabinetry. Secluded and offering the utmost in privacy, the master suite is sprawling and is accompanied by a luxurious bath with Carrera marble flooring, a soaking tub that is flanked by a fireplace, and spacious walk-in shower. The home also encompasses a charming second bedroom with private bath, a cabana guest suite with private entrance, and a study. Gordon Drive Estates offers tranquility and luxury with its resident-only gated beach access, as well as enjoys the convenience of being located within seconds to the renowned shopping and dining found on Third Street South. Additionally desirable and worth note is that this home did not receive any interior water intrusion during recent storms, including Ian.
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