273 PELICAN POINTE Road
About This Property
Welcome to this stunning Toll Brothers home in Coastal Oaks at Nocatee. Coastal Oaks is a gated community within Nocatee. This community has its own private set of amenities as well! The Toll Brothers, Cumberland floor plan is sure to wow you! This Traditional elevation features a lovely front porch, perfect for rocking chairs or your family swing. Upon entering the home, you are greeted with a foyer to create the perfect welcoming space. To the left is an office with two sets of pocket doors and plantation shutters, followed by a spacious and open dining room with lovely wainscoting. Walking under the barrel vault celling leads you to the open concept kitchen and family room. This gourmet, eat-in kitchen is a dream, with upgraded appliances and a gas stove. Built-in oven and microwave make for ample space on your countertops. The beautiful breakfast bar, with overhead pendant lighting, is the perfect added element for socializing or serving the kids breakfast before school. The glass tile backsplash adds elegance to this coastal kitchen. The family room is light and bright with tons of windows and a glass door leading to the patio. Right off the family room is the owner's suite. The huge owner's suite features a bay window letting in all the natural light and creating the perfect sitting space. The owner's bathroom features dual sinks, a makeup vanity space, an oversized shower, and plantation shutters. Enjoy soaking in the large garden tub for a relaxing end to your day. Down the hallway to the remaining downstairs bedrooms, you have a built-in desk that is perfect for a homework station for the kids. There is also an adorable reading nook under the stairs. At the end of the hallway, you have two bedrooms and a full bathroom. Upstairs is the large bonus room with a full bathroom. Use this space to create a guest retreat, playroom, or family game room, the possibilities are endless. The backyard has a tranquil vibe with the extended screened in paver patio. Enjoy the serene views of the pond and preserve, creating the perfect nature watching atmosphere. The two-car garage flooring has been coated with epoxy finish. Water softener system. Zoned for the brand-new school, Pine Island Academy. Don't delay, this Nocatee home will get scooped up quick!
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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