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3 HIBISCUS DRIVE
About This Property
The expansive lanai and deck provide stunning, uninterrupted views of Charlotte Harbor and beyond, highlighted by a spectacular 50-foot infinity-edge pool with swim-up table and seating. No expense was spared in the construction of this exceptional residence.
Notable features include custom mahogany double front doors handcrafted in Honduras; concealed lanai power hurricane shutters; impact-resistant windows; and a fireplace constructed from Mediterranean-cut coral. A dramatic spiral staircase leads to a bridge accessing twin second-floor suites, each with private baths and walk-in closets. The second floor also offers a guest laundry, kitchenette, and a balcony that perfectly captures the Florida lifestyle.
The gourmet kitchen features abundant custom cherry cabinetry by Yoder Kitchen of Nappanee, Indiana (Amish-crafted), expansive granite countertops, double ovens with microwave and convection capabilities, two dishwashers, and a large warming drawer.
An incredible 1890s-style saloon provides a one-of-a-kind space for entertaining.
The home sustained damage during Hurricane Ian; approximately 95% of repairs have been completed, along with numerous upgrades. The property is being sold as-is, allowing the buyer the opportunity to add their own finishing touches.
A truly rare opportunity to own a landmark waterfront estate. Lot 1 can be purchased with home. Call for more information.
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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%.
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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.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017