**SIGNIFICANT PRICE REDUCTION - EXCEPTIONAL OCEANFRONT
OPPORTUNITY!** An extraordinary value in prestigious Sailfish
Point, this majestic French chateau-inspired estate offers 170 feet
of direct Atlantic Ocean frontage and timeless architectural
elegance. A dramatic 30-foot ceiling defines the grand living room,
while sweeping ocean views provide a breathtaking backdrop
throughout. The main level features a luxurious primary suite,
spacious guest suite, richly paneled library, well-appointed chef's
kitchen and staff quarters. An elevator provides convenient
access to the second floor, where three additional guest suites and
an expansive game room offer exceptional accommodations for family
and guests. Enjoy a private pool overlooking the Atlantic. Set
within exclusive 532-acre Sailfish Point, offering Jack Nicklaus
golf, full-service marina, five dining venues, spa, fitness center,
helipad and 1.5 miles of pristine shoreline, just minutes from
Witham Field for private aviation.
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.
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