Enjoy the waterfront charm of this home in the guard-gated Spruce
Creek Fly-In community. Thoughtfully upgraded with a new roof in
2023, the inviting gathering room flows to the eat-in kitchen and
dining room, delivering generous space for relaxation and
entertaining. The kitchen is equipped with extended solid surface
countertops and extra cabinets, decorative tile backsplashes, a
pantry, a breakfast bar and a bright breakfast nook with a water
view. The primary suite opens directly onto the spacious lanai, and
its en-suite bath offers dual sinks, a walk-in shower, a private
toilet room and two walk-in closets. The split bedroom floor plan
ensures privacy with two additional bedrooms sharing a bath. The
utility room includes a sink and storage. The covered rear porch
and screened lanai provide additional space for gatherings. This
home has been customized with extra living space, a spacious
side-entry two-car garage with an extended full-depth golf cart
bay, an extended lanai and hurricane shutters. With a 2021 water
heater, a 2013 HVAC system and a termite bond, this home is move-in
ready. At the buyer's option, the seller will include furnishings
at no additional cost. The friendly Spruce Creek Fly-In community
delivers an exceptional quality of life, offering residents a range
of activities and social opportunities. There are a multitude of
amenities and activities, including private golf-cart friendly
streets, a playground, and recreational/biking paths, complemented
by on-site management, 24-hour security, a public restaurant and
other business services. The optional membership country club
provides multiple membership tier options, featuring pickleball,
tennis, golf, fitness facilities, a pool and an exclusive
restaurant and bar. Spruce Creek Fly-In also has a private
4,000-foot paved runway with a GPS approach and VASI lights,
exclusively for resident use. The community's convenient location
provides easy access to regional shopping, dining and entertainment
venues, as well as nearby beaches and water recreation activities.
This home represents an ideal choice for those seeking out the
Florida lifestyle in a distinctive community.
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.
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