3619 AVENIDA MADERA
About This Property
Step inside to an inviting, light-filled interior featuring vaulted ceilings and an open floor plan. Previous owners completed a full interior renovation, expanding the home to its current 4-bedroom, 3-bathroom layout and upgrading the kitchen with enhanced countertops and cabinetry, along with beautifully updated bathrooms. The spacious primary bathroom offers a walk-in shower and a freestanding soaking tub, creating a relaxing retreat. The kitchen is equipped with an impressive collection of premium appliances, including a Sub-Zero refrigerator, Wolf induction cooktop, Wolf oven and microwave, and Miele dishwasher. Tile flooring enhances the main living areas, while waterproof laminate flooring extends through all four bedrooms and the hallway. Each bedroom features a custom-built walk-in closet, offering exceptional storage and functionality.
Additional improvements include PGT impact-resistant windows and doors, impact-rated garage doors, a custom-crafted impact front door, and an AC system replaced in 2023. These features complement the home's established construction and reflect the continued investment in its comfort and functionality over the years.
Designed for enjoying Florida's indoor-outdoor lifestyle, the private, fully fenced backyard features a heated saltwater swimming pool and spa, a resurfaced pool deck, TREX composite decking, and beautifully maintained landscaping. Whether entertaining guests or enjoying a quiet afternoon by the pool, this outdoor retreat offers a wonderful combination of privacy and relaxation.
The landscaped front yard and circular paver driveway create an inviting first impression. Additional features include a two-car garage with epoxy flooring, a separate golf cart garage with workbench space, and multiple storage sheds for added convenience.
Ideally situated in an established, walkable community near IMG Academy and IMG Golf Club, the property also offers convenient access to shopping, dining, and Gulf Coast beaches. With an annual HOA fee of just $200 and a location in FEMA Flood Zone X, this home brings together a desirable location, premium features, and the Florida lifestyle buyers are looking for.
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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.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017