2512 Vineyard Lane
About This Property
Polished travertine floors lead through the light-filled main level, where a gourmet kitchen opens to a gracious great room and dining area. The first-floor master suite includes its own sitting room and tranquil views of the screened lanai. Dual vanities, an oversized shower, and soaking tub elevate the primary bath. A second downstairs guest suite offers comfort and privacy with its own ensuite bath and walk-in closet.
Upstairs, a guest bedroom with a private bath is joined by a versatile fourth bedroom or office, complete with a built-in desk, quartz counters, beverage fridge, and wet barperfect for remote work or hosting in style. The lush side yard borders a wooded common area that cannot be developed, ensuring lasting privacy.
Residents of the Vineyards enjoy the peaceful side of Sandestin Golf & Beach Resort, with landscaping included and no short-term rentals allowed. Yet residents still enjoy exclusive access to Sandestin's top-tier amenities, including private deeded beach access, championship golf courses, a world-class tennis center with pickleball courts, and miles of scenic trails perfect for walking or biking. Plus, shopping, dining, and entertainment await just a golf cart ride away at both the Village of Baytowne Wharf and Grand Boulevard. Whether you're lounging poolside under the palms or out exploring all the resort has to offer, this home is a serene retreat at the center of it all.
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017