IMMEDIATE MEMBERSHIP -JW MARRIOT GOLF & BEACH CLUB upon closing;
this exceptional residence, located in the gated enclave of Marsh
Cove within Fiddler's Creek, offers the rare opportunity for the
buyer to assume a transferable membership! Built by STOCK
Development, this popular Madison II model enjoys a beautiful golf
course view overlooking the 13th hole at Fiddler's Creek. The
well-appointed kitchen features quartz countertops, a center
island, shaker-style cabinetry, professional-grade KitchenAid
stainless steel appliances and gas cooking. Each bedroom offers its
own private bath, while custom closets, plantation shutters and a
thoughtfully designed office with workspace for two add to the
home's functionality. SIGNIFICANT IMPROVEMENTS have been made since
2022, including two replaced AC systems and an upgraded whole-home
lighting and smart-home control system. The home is equipped for
seamless and convenient phone remote control of the HVAC, pool,
lighting, front door and alarm. Extensive garage improvements
include attic insulation, custom GarageLiving stainless steel
cabinetry, epoxy flooring, a refrigerator and a 2-ton mini split
(AC in the garage). Also, the outdoor living area has been
extensively updated with new pool equipment, a resurfaced pool with
new tile, an added waterfall, digital pool controls, new screening
and new furniture. The expansive covered lanai features a pool and
spa, outdoor kitchen with BBQ, sink and refrigerator, plus
convenient pool bath access. Additional features include Storm
Smart see-through hurricane shades, impact glass throughout, a
whole-home Generac generator and front and rear outdoor lighting.
Fiddler's Creek is a natural gas community. Ownership includes
membership to The Club & Spa at Fiddler's Creek, offering a
resort-style swimming pool, spa, pickleball, tennis, fitness
center, restaurants and community events. Residents also have the
option of membership to the Fiddler's Creek Golf Club, The Tarpon
Club Beach on Marco Island and The Tarpon Club Marina on the Isles
of Capri. CDD HAS BEEN PAID IN FULL.
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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