2335 Pine TERRACE
About This Property
As you enter this grand home through double entry doors, you are at once struck by its spaciousness, light, and midcentury charm. The interior is thoughtfully renovated with high-quality finishes, materials and appliances, and features a floor plan that ensures the optimal use of 2,800+ sq. ft. in an open concept. This home is better than new with soaring ceilings, sleek ceramic flooring throughout, and a skylight that lets the sunshine in. Plus, there's a 20x20 atrium in the center of the home with modern glass windows.
The gorgeous, updated kitchen offers a breakfast bar, granite countertops, a modern and stylish backsplash, custom cabinets, a Stainless-Steel dishwasher, and pass-through to the patio. An additional bank of glass cabinets was created for entertaining, featuring a wet bar, beverage refrigeration drawers and storage. The dining and living rooms flow easily to the lanai, which overlooks the pool, where you'll savor the peace and beauty of your surroundings. Did you want a fireplace? This home has an original midcentury fireplace that adds to the unique nature of this home.
The Owner's Suite bedroom retreat features large closets with plenty of storage, and custom cabinetry, granite countertops and expanded shower with designer tile work. The split bedroom plan allows privacy for guests with two bedrooms, and a powder room for guests.
Work from home easily with a huge office/den space with built-in organizational shelving and a glass block wall. There's a two-car garage and plenty of parking for guests, and even room for boat. Plus, a newer washer and dryer in utility room that also offers plenty of storage. No deed restrictions or HOA fees.
The in-town, central location of this home means that shopping, retail, and restaurants are only minutes away. And just 5 miles to the famous white quartz sands of world-famous Siesta Beach, rated No. 1 in the U.S and 3 miles to downtown Sarasota's urban and cultural amenities.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017