Nestled on a quiet cul-de-sac in prestigious Admirals Cove, this
beautifully renovated waterfront home offers a rare combination of
contemporary design, effortless single-story living, & direct
Intracoastal access. Situated on 80' of navigable waterfront w/
private floating dock & no fixed bridges, property is a boater's
dream, providing views of, & quick access to, the Intracoastal.
Extensively reimagined, home showcases soaring ceilings, wide-plank
wood flooring, designer finishes, impact glass throughout,
fireplace, whole-house generator & a seamless indoor-outdoor
lifestyle. Walls of glass frame tranquil water views opening to
expansive outdoor living areas, a resurfaced pool, & a private
waterfront setting. Coveted Golf Membership is available.
Located within Admirals Cove-one of South Florida's most
prestigious private club communities-residents enjoy championship
golf, a world-class marina, tennis, pickleball, fitness, spa,
dining, and an exceptional year-round lifestyle. For buyers seeking
a move-in-ready waterfront home with boating access, modern
finishes, and the security and amenities of a premier country club
community, the property represents a compelling opportunity.
Property is currently leased, providing immediate income from a
highly qualified tenant, helping offset carrying costs while
allowing a purchaser flexibility for future occupancy. An
additional benefit is the opportunity to acquire the required club
membership under the Club's current initiation fee structure and to
immediately, upon closing, still have full access to Club
amenities. As membership fees are established by the Club and
may be adjusted in future fiscal periods, buyers may wish to
consider the potential value of securing membership at current
rates. Minimum 48-hour notice required for showings.
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.
Appliances: Cooktop, Dryer, Dishwasher, Electric Water Heater, Gas Cooktop, Disposal, Gas Range, Microwave, Oven, Water Purifier Owned, Range, Refrigerator, Water Softener Owned, Water Softener, Water Heater, Water Purifier, Washer
Flooring Type: Carpet, Marble, Wood
Laundry Features: Inside, LaundryTub
Has Fireplace
Fireplace Features: Gas
Exterior Details
Square Footage: 2883
Square Footage Source: $0
Security Features: Security System Owned, Security System, Security Gate, Gated with Guard, Gated Community, Smoke Detector(s), Security Guard
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