Rare opportunity to own a waterfront Villa III in Admirals Cove.
Ideally situated on an oversized end lot, this single-story
residence enjoys sweeping navigable water views, a private boat
slip with 16,000-lb lift, and direct access to the Intracoastal
Waterway and Atlantic Ocean beyond. Significant advantage of a Golf
Membership available at closing. One of only a limited number
of Villa III residences, this property offers an exceptional
combination of waterfront lifestyle, privacy, and future potential.
Thoughtfully designed floor plan features 2 BRs, 2.1 BAs (w/
potential for 3rd BR), expansive living areas, & a bright newly
added flex room addition w/ impact windows and door.
Full-house generator [Continued in Supplement Remarks.]
A unique value-enhancement opportunity exists through the potential
enclosure of the existing covered porch, creating additional
air-conditioned living space for a third bedroom, office, media
room, or expanded primary suite (subject to approvals).
Enjoy effortless boating from the shared dock system leading to
your private slip and lift, while benefiting from a location just
moments from Admirals Cove's marina, clubhouse, dining venues,
golf, tennis, pickleball, fitness center, and world-class
amenities. The residence is ready for a buyer's personal
vision and updates, offering the rare chance to renovate and
customize a waterfront home in one of South Florida's premier golf
and boating communities. Home is in Active under Contract
status with specific provisions allowing showings and back-up
offers.
Unit Size
2,518 Ft²
Days on Market
58 days
Land Size
-
Price per sqft
$1,966
Property Type
Condo
Property Taxes
$839
HOA Dues
$8,307
Year Built
1988
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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%.
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.
HOA/Condo/Coop Amenities: Boating, Cabana, Clubhouse, Dog Park, Elevator(s), Fitness Center, Golf Course, Gated, Hot Water, Management, Maintenance, Playground, Park, Pool, Recreation Facilities, Sauna, Spa/Hot Tub, Security, Pickleball, PuttingGreens, Restaurant
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