3308 Cappio Drive
About This Property
From the moment you arrive, the elegant travertine driveway and manicured landscaping create a memorable first impression. Inside, soaring ceilings and expansive windows fill the home with natural light while showcasing peaceful lake views. A stunning Santos mahogany staircase and matching loft flooring provide a dramatic architectural centerpiece, highlighting the custom craftsmanship found throughout the home. The spacious kitchen opens effortlessly to the family room and outdoor living areas, creating the perfect gathering place for everyday living or entertaining. Every closet has been thoughtfully outfitted with custom built-in organization systems, offering both beauty and functionality.
Step outside to your own private backyard retreat featuring a sparkling swimming pool surrounded by an elegant travertine pool deck, all overlooking the tranquil lake. Whether you're hosting family and friends or enjoying a quiet evening at home, this outdoor living space is designed to embrace Florida's year-round lifestyle. Practical luxury continues with a 2½-car garage and convenient pull-down stairs leading to a spacious walk-in attic, providing exceptional storage rarely found in today's homes. Ideally located in the heart of Viera, this exceptional home is just minutes from premier shopping, dining, championship golf, parks, top-rated schools, the USSSA Space Coast Complex, and convenient access to I-95. Commuters will appreciate the easy drive to Patrick Space Force Base and the Space Coast's growing aerospace industry; you can even enjoy the launches from the second-floor balcony. Florida's beautiful beaches and Orlando attractions. Every detail reflects pride of ownership. Every space has been thoughtfully designed. This is more than a home--it's an opportunity to enjoy one of Viera's premier lakefront lifestyles.
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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.
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About Casabella
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017