295 GRACY Street
About This Property
The meticulously designed residence boasts 3,610 square feet and 3 large bedrooms with 3.5 baths. The 10 ft. wide foyer greets you with French white oak wood flooring that leads you to the open living space draped with floor to ceiling panoramic views of the intracoastal. Living space is complete with 16 ft. elevated ceiling with decorative beams and a custom built-in cabinet underneath floating shelves. Open your accordion sliders by Origin, to fold flat to let in the ocean air! Full custom kitchen by Thermador invites all of your culinary experiences. Shaker style inset cabinets with soft closed drawers surround the quartz waterfall island that comfortably seats 5. The custom-made hood hovers over the gas range with full size oven and smaller side oven for your baking needs. Monogram wine fridge and separate 'nugget' ice maker are nearby for your custom cocktails. The hidden pantry boasts 15 ft long wall outfitted with custom cabinetry and floating shelves.
Step into the upstairs master complete with mitered maple beams that elongate the space. The en-suite has modern porcelain floors, a floating double vanity, backlit mirrors, zero entry double shower with handheld sprayers, and the shower ledge and vanity are wired for lighting making this the perfect retreat! Downstairs you'll find one bedroom that boasts an en-suite with an oversized tub, plus another extra-large bedroom & hallway bath which doubles as a pool bath.
Downstairs double glass door leads to your custom Blaze outdoor kitchen with marine grade aluminum appliances facing the large pool complete with plenty of seating and linear gas fireplace. The saltwater pool is 15x30, lighted, and complete with sun shelf and plenty of room to relax! Be surrounded by Miami shell stone decking and the stunning intracoastal views. Take a dip after a long day out on the water! Decking is no maintenance composite with no maintenance powder coated aluminum railings. Head out to your oversized private dock which is just a short distance to access deep water. With 61' of water frontage, the 16,000 lb. deco aluminum lift and 40x30 covered dock print make this a boater's dream! Rinse off with the outdoor shower on the dock before heading inside. This brand new coastal modern masterpiece is the epitome of waterfront living!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 26, 2024 | Sold | ||
| Sold | |||
| Dec 28, 2023 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $3,200,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017