349 Red Barn Road
About This Property
The kitchen features Calacatta Borghini Quartz countertops throughout with shiplap accented island featuring a farm sink with bronze gooseneck pulldown and disposal. Marble backsplash with recessed lighting, custom cabinetry, gas stove with hood, double oven and stainless steel appliances. Quaint dining area with canned downstairs lighting offers pool and Bay views and access to back porch and grilling area. Convenient half bath with Pottery Barn marble vanity and oversized mudroom with quartz sink with washer and dryer offer direct access to exterior porches. Interior kitchen corner features huge walk-in pantry.
Master Bedroom downstairs offers beautiful Bay views and door to back porch hot tub. Master Bathroom features custom Pottery Barn marble vanity, freestanding tub, large shower area, and Alaskan white herringbone porcelain tile and oversized walk-in closet.
The front of the house features a 2nd downstairs bedroom with bathroom featuring Pottery Barn marble vanity and subway-tiled shower. Work from home with a large office just off the front foyer. Upstairs features 2 bedrooms with Bay views that are on opposite sides of large upstairs living area featuring high-end wall-to-wall carpeting for comfort and an additional room for storage.
Exterior home built to last with 2x6 framed walls, hybrid shingle roof with metal accents, exposed rafter tails on all roof overhangs, and Anderson black on black windows throughout with all exterior doors hurricane rated.. Back porches offer sublime pool/bay views and all painted and sealed with tongue and groove ceilings above that feature a 6 speed fanned sitting area with television, summer kitchen with Blaze gas grille can Cavaliere vent, min-fridge, and outdoor sink. Outdoor shower and Hot Springs Hot tub offer extra convenience and comfort in this sublime oasis.
Step off the porch to a luxuriou 13'x32' pool with 6'x15' tanning ledge all built by Blue Haven pools with light features that change color. Enjoy views from the pool or gas fire pit. Zoysia grass between the Bay and pool is all irrigated using an 8 zone Rain Bird irrigation well and black aluminum fence bordering the seawall and rip-rap along 100' of private frontage along the Bay. A pier leads you from there to the boat dock featuring an 8,000 lbs. remote control Breeze boat lift accommodating up to a 32' boat with water and 220 and120 power. Water is deeper than most areas on the north shore of the Choctawhatchee Bay and allows for a convenient 5-minute boat ride to The Bay, North Beach Social and Farm & Fire restaurants. Approx. 30 minute boat ride to the Gulf and Crab Island or 45 minutes to Panama City Beach via the Intercostal waterway.
After a day on the water enjoy unlimited hot water with your Rinnai tankless water heater and cool air from your Carrier heat pump and AC safety from your ADT security system. Coastal elegance meets functionality as you go from the fenced in back yard along pavers to the front yard where you have a large 2 car detached garage with exterior gooseneck lighting and power and sink perfect for vehicles or the ultimate workshop. Conveniently located allowing you to enjoy the tranquility of of the bay, the close proximity to worlds most beautiful beaches along 30A, and shopping in a safe area.
Don't let this rare opportunity to own superior craftsmanship just built in 2022 ideally located in sought after Flood Zone X on the bay with no HOA dues. Schedule your tour and experience this sanctuary on the Bay in person before its gone!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017