295 Pine Needle Way
About This Property
A highly desirable first-floor primary suite and over 1,200 square feet of covered screened porch space create seamless indoor-outdoor living, perfectly suited to the WaterColor lifestyle.
Designed by Geoff Chick, & Associates the home blends timeless coastal architecture with a functional, open-concept layout. The chef's kitchen features a premium Thermador appliance package, quartz countertops, and a marble backsplash, ideal for both entertaining and everyday living. All four bedrooms are ensuite, complemented by an additional powder room, while the first level primary suite offers both convenience and privacy.
A meticulously maintained nonrental, the home presents in exceptional, like-new condition. The corner homesite with only one adjacent neighbor enhances privacy, while the backyard offers a rare opportunity to create a custom pool and outdoor retreat without compromising peaceful preserve and pond views. For buyers seeking both lifestyle and investment, the property offers strong rental potential, with its Phase 2 location near Camp WaterColor, functional layout, and indoor-outdoor living well-suited for short-term rental income. Complete with a two-car garage--ideal for golf cart storage, beach gear, and everyday convenience the home balances lifestyle and functionality in one of WaterColor's most sought-after settings. A rare opportunity to own a design-forward home in WaterColor, Florida--where privacy, location, and long-term value align.
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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