Presenting an immaculate, partially furnished villa that will be
the setting of an ideal beach getaway or a year-round residence
designed for truly effortless living. The main floor boasts a
luxurious owner's suite in a private location at the rear of the
property. The first floor also offers a captivating gourmet kitchen
that radiates brightness and offers plenty of space to entertain.
The large great room features a cozy stone gas fireplace, setting a
welcoming ambiance year round. With a generously sized second-floor
family room loft and two exceptionally roomy guest bedrooms this
home has the space for everyone you hold dear. The fourth bedroom
could be on the first or second floor with the final room being a
perfect office adorned with elegant French doors. Step outside onto
the extended paver patio, where serene views of the community open
space create a tranquil backdrop, seamlessly expanding the living
space. You'll love the convenience of the luxury mudroom drop zone
and storage room, tailored perfectly to accommodate beach
essentials. This residence harmonizes comfort and functionality,
offering a space that complements beach living. When you live in
Bay Forest Club you are invited to truly embrace the beach life!
Bay Forest Club offers residents a free beach shuttle in the summer
months to downtown Bethany Beach and the boardwalk. The list of
amenities goes on forever and offers residents a range of
activities on water and land and includes three pools. The
recreational pool is designed with interactive features such as
slides, a water volleyball court and a lazy river. A second pool is
more for relaxing or getting your cardio in. Lounge on the sunning
ledge or swim laps in the pool for low impact exercise. A third
pool is just for the tots in your life. The facility includes an
expansive fitness center, a bar/restaurant, gathering areas for
meetings and events, and outdoor patios. This water oriented
community features a pier, kayak racks and launch with newly
added restrooms. The kayak launch offers you direct open water
access. Not to mention there's a putting green, Bocce Ball court,
Basketball, indoor and outdoor pickleball and volleyball courts, a
Tennis center and pavilion, nature trails, playgrounds, and a
community herb garden round out all that Bay Forest has to offer.
Although this home has never been rented by the owners, some types
of rentals are allowed, call us for details. As this home is sold
partially furnished (list of inclusions will be provided) you can
settle and stay the weekend in your new beach home!!
Unit Size
2,916 Ft²
Days on Market
-
Land Size
-
Price per sqft
$197
Property Type
Condo
Property Taxes
$115
HOA Dues
-
Year Built
2018
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Cap Rate Calculator
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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.
HOA/Condo/Coop Amenities: Basketball Courts, Bike Trail, Community Center, Fitness Center, Tot Lots/Playground, Pool - Outdoor, Swimming Pool, Putting Green, Recreational Center, Tennis Courts
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