Under contract-accepting backup offers. Overlooking a protected
nature preserve with west-facing sunset views, this three-bedroom,
three-bath Captiva model by Neal Homes offers approximately 2,700
square feet, a pool with a dedicated lap lane, impact windows, a
whole-house generator and an air-conditioned three-car garage-all
just a five-minute drive from Manasota Beach. The preserve is a
defining feature of the property, creating a private natural
backdrop for the home and outdoor living areas. Western exposure
brings afternoon light and sunset views across the landscape, while
the screened outdoor areas extend the living space with a spacious
covered lanai, outdoor kitchen and pool with a dedicated 50-foot
long lap lane. The open interior features Italian engineered
hardwood floors, decorative ceiling beams, plantation shutters and
electric shades. The kitchen is finished with distinctive leathered
dolomite countertops and connects easily to the main living and
entertaining spaces. Three bedrooms and three full baths provide
comfortable accommodations for owners and guests. Additional
features include a security system, impact-resistant windows and
doors, whole-house natural gas generator and an unusually versatile
extended three-car air-conditioned garage, well suited for
vehicles, storage, hobbies or additional conditioned workspace. The
home is within the residential community of Boca Royale, where HOA
fees include a social membership to Boca Royale Golf & Country
Club. The established country club community offers golf, tennis,
pickleball, clubhouse dining and additional recreational amenities,
with Wellen Park and the Atlanta Braves ballpark nearby, and
Manasota Beach approximately five minutes from home.
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.
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