3619 HAWK ISLAND DRIVE
About This Property
Florida's most sought-after guard-gated boating communities, this private escape offers sweeping water views from most main living areas along with breathtaking sunrise and sunset panoramas on over a half acre of prime waterfront property. A stately arched double-door entry opens to expansive, light-filled living spaces and voluminous ceilings. The formal living room features a fireplace and full retracting sliders that flow effortlessly to the covered lanai, waterfront pool, and spa. Additional first-floor living spaces include a gracious formal dining room, inviting family room, guest suite and adjoining bath, along with an office. The first-level primary suite is a private retreat, complete with a sitting area, pool access, a spa-inspired bath, and a custom-designed wardrobe. Designed for exceptional culinary experiences, the chef's kitchen showcases a large center island, stainless appliances, a generous breakfast bar, and an intimate breakfast nook that opens to the outdoor entertaining area. Upstairs, there are three beautifully appointed guest bedrooms, along with an oversized media room that unfolds onto a waterfront terrace perfect for savoring tranquil views and sunset cocktails.
Experience the very best of Florida waterfront living in the resort-style outdoor areas featuring a clearvivew screened saltwater pool and spa, a covered lanai, and an expansive paver pool deck. Enjoy the convenience of two docks-
a lighted dock and observation deck on the Manatee River with direct river access and kayak storage, along with a new covered dock with a
16,000 lb boat lift on the protected canal, which provides added protection from wake and waves. Kayak, fish, and enjoy endless water activities with accomodations for vessels including larger boats, yachts and jet skis (buyer to verify dimensions and regulations). This spacious residence is distinguished by its elevated finishes, tray ceilings, flute-less fireplace, and oversized crown molding. Recent upgrades include a newly installed roof with transferable warranty, hurricane-rated slider, new interior and exterior paint, new HVAC systems, and new lighting, along with a new pool enclosure with clear-view screens and new pool/spa heaters-delivering elevated aesthetics and coveted peace of mind. Additional appointments include a three-car garage, Juliet balconies, manicured grounds, and lush landscaping.
With water on both sides, this estate is a haven for nature enthusiasts, water lovers, and avid boaters alike. Enjoy direct access to the Gulf with no fixed bridges (buyer to verify navigation conditions), easy cruising to waterfront restaurants, and convenience to shopping, dining, entertainment, stunning Gulf beaches, parks, and the airports of Sarasota and Tampa.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017