3440 Runaway Lane
About This Property
Imagine waking up every morning to the gentle sounds of nature, your home nestled along a picturesque waterway that stretches for miles. On one side, a protected preserve, offering a lush, green backdrop that's a haven for birds and other wildlife. The other side is lined with charming, elegant homes, each adding to the serene and beautiful landscape. Revel in the charm of an electric boat cruise against the backdrop of daylight or a mesmerizing sunset. This extraordinary single-story dwelling boasts four bedrooms, three bathrooms, a den, and an awe-inspiring southwest exposure. The residence includes an extended lanai, a sizable gas-heated pool with a custom-flowing fountain, and a spa. Delight in the expansive covered outdoor living area, complete with a remarkable outdoor kitchen. Encompassing over 3,000 sq ft of luxurious living space, the residence provides a spectacular kitchen, formal and informal dining areas, a formal living room, and a great room designed for entertaining. The thoughtfully designed split floor plan enhances the home's suitability for hosting family and friends. Noteworthy features, such as classic wood floors, granite countertops, crown molding, and a 3-car garage, contribute to the magnificence of this property. Situated in the esteemed community of Fiddler's Creek, residents enjoy access to a world-class fitness center, indoor and outdoor dining, multiple resort pools, tennis, pickleball, and bocce ball. A variety of social events and daily classes enhance the community experience. Additionally, this home fulfills the desires of boating and beach enthusiasts with proximity to the Tarpon Club Marina and Beach Club. Conveniently located between Naples and Marco Island, the residence offers easy access to shopping and restaurants.
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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 Royal Fakapalm
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$5,200 /mo
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$4,995 /mo
- 4 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017