304 Corinthian Place
About This Property
kitchen is an entertainers dream! Designed to allow easy movement and interaction without crowding. Equipped with top-of-the-line stainless steel appliances; including a Wolf stove & hood, Subzero refrigerator, ic maker, and microwave, granite slab counters with tumbled stone backsplash, custom cabinets, large central island with counter seating, and custom lighting. The wet bar has a granite counter and sink, accented with cherry cabinets. The Family Room adjoins the kitchen and includes a pre-wired cherry cabinet media center with sound distributed throughout the home. The Master Bedroom has an adjoining room for sitting, nursery, sewing, or office, and opens to the lounge area by the pool. Master Bath has separate his & hers cherry cabinet vanities with granite counters, chocolate travertine floors and tub surround, and travertine master shower. An elegant MAAX Jacuzzi-type tub offers the ultimate spa relaxation. All baths have cherry cabinets with granite counters, travertine, Kohler fixtures and elegant lighting. Kitchen, Family Room and Living Room all open to the inviting enclosed lanai surrounding the pool. An Upstairs Family/Media Room has a home theater and TV wall wiring plus balcony overlooking the golf course and lake. The 4th bedroom, which also opens to the balcony, would make a great office/study with a daydreamers view. The home also features two new heating and air units.
Encompassing almost 120 acres of protected woodlands and lakes, the gated community of Regatta Bay in the heart of Destin, offers a peaceful setting with a championship golf course, pool, playground, tennis courts, and Rutherfords 465 restaurant within the golf club. The Country Club, an elegant 16,000 sq.ft. facility, offers a Golf Shop, golf cart storage, plush locker rooms, billiards room and library. Just a short walk or a golf cart ride away is Destin Commons, with upscale shopping, dining and a movie complex. Keep your boat in the adjacent Legendary Marina and have quick access to water sports and the gulf.
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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%.
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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.
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