Welcome to one of Lighthouse Point's finest deepwater estates,
perfectly situated on a quiet, street in the highly desirable Lake
Placid neighborhood. Set on an oversized lot with 95 feet of water
frontage and approximately 85 feet of dockage. This property offers
wide water views, no fixed bridges, and direct ocean access, making
it a dream for boating enthusiasts. From the moment you arrive,
you'll appreciate the quiet surroundings and welcoming atmosphere
that make this home truly special. Inside, expansive living spaces
are bathed in natural light and thoughtfully designed to capture
beautiful water views while seamlessly connecting indoor and
outdoor living. The single-story floor plan features generous
gathering spaces, a private office, and beautifully appointed
bedrooms, creating an ideal balance of comfort, warmth and
functionality. Step outside and discover your own private
waterfront retreat. Enjoy refreshing breezes, a resort-style pool,
and multiple outdoor spaces designed for relaxing, entertaining,
and taking in the tranquil water views. Positioned on one of Lake
Placid's widest deepwater canals, the property offers exceptional
dockage and effortless access to the Intracoastal waterway and
Atlantic Ocean. Meticulously maintained and move-in ready, this
home embodies the relaxed elegance that defines South Florida
living. Whether hosting family and friends, enjoying a quiet
morning by the water, or setting off for a day on the boat, every
detail has been designed to embrace the waterfront lifestyle. A
rare opportunity to own a peaceful deepwater sanctuary in one of
South Florida's most sought-after boating communities.
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 Range, Electric Water Heater, Disposal, Gas Range, Gas Water Heater, Microwave, Oven, Refrigerator, Water Heater, Washer
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