This beautifully updated waterfront pool home captures the essence
of refined resort living. You will experience an incredible sense
of arrival as you approach this gated waterfront peninsula flanked
by majestic Royal Palm trees with live oak trees leading you home.
A paver drive and pathway will welcome you through a charming entry
courtyard and into a dramatic interior, where soaring two-story
ceilings and abundant windows create an immediate sense of light
and openness. Live your vacation everyday as you watch boats
sailing by, people out for a morning jog, or for an evening stroll...
and know you have landed in just the right place! Here you will be
embraced by neighbors enjoying the best of what Burnt Store has to
offer. This well maintained residence boasts pristine diamond-set
tile flowing throughout the main living areas and a soft, cohesive
palette carried throughout the home. At the heart of the home, the
updated kitchen blends style and performance with new quartz
countertops, a spacious center island with seating, and brand-new
stainless steel appliances (2026), including a double
conventional/convection wall oven, cooktop, and refrigerator. A
sunlit dining nook overlooks the private courtyard, while the
adjacent living and dining spaces rise two stories high, framing
picturesque views of the pool and waterfront beyond. Crown molding
adds a refined finishing touch to this space. The first-floor
primary suite is a true retreat, privately positioned to capture
tranquil water views and direct access to the enclosed lanai. A
tray ceiling enhances the sense of space, while the ensuite bath
features a walk-in closet, updated dual vanity with stone tops, a
garden tub, and a glass-enclosed shower. A den or fourth bedroom
and full bath - conveniently serving as a pool bath - complete the
main level. Upstairs, two pleasing bedrooms and a full bath provide
superb accommodations for guests. One oversized bedroom is a
standout, featuring French doors, a built-in entertainment
center/closet system, tray ceiling, and expansive windows
overlooking the marina channel. Sliding doors open to a private,
second-story lanai with new motorized storm screens-an ideal
vantage point to unwind with a book while watching boats drift by.
The other bedroom offers generously sized quarters...both with access
to the updated bath with new shaker style vanity with quartz tops
and tub/shower combo. The magnificent outdoor living space is sure
to impress with a new expansive paver pool deck surrounding a
freeform pool and spa, resurfaced with PebbleTec and updated coping
in December 2023. The enclosed lanai, finished with tile and a
summer kitchen, creates a seamless extension of the living space.
Step directly onto the marina walking path right outside your back
door for effortless access to the waterfront lifestyle. Additional
upgrades provide peace of mind, including a NEW ROOF & soffits
(2024), hurricane resistant garage door, impact-resistant windows
(most-2023) and Kevlar electric roll-down screens on both upper and
lower lanais-offering protection without compromising views.
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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