Welcome to resort-style living in Adelaide, Viera's premier luxury
community, with easy access to I-95 and both Orlando (MCO) and
Melbourne (MLB) airports. This custom-built waterfront home offers
nearly 4,500 sq ft, including an impressive 3,200 sq ft on the main
level, with 4 bedrooms, 5 baths, and a wraparound 3-car garage with
space for a detached addition. Enjoy a heated saltwater pool and
spa, fire bar, putting green, and gas summer kitchen. The main
level features 2 en suites, a gourmet kitchen with double air-fryer
ovens, gas cooktop with pot filler, living room with fireplace,
dining room, pantry, laundry, and a luxurious primary suite with
pool access, dual closets, drive-through shower, and adjoining
office. Upstairs offers a club room with wet bar, 2 bedrooms,
including an en suite, and balcony. Extras include a whole-house
water softener, central vacuum, generator, EV, camera and surround
sound pre-wiring. Complete w/ full smart-home automation &
golf-cart access to Viera's best shopping & dining, this home
offers an unmatched coastal lifestyle.
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.
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