3659 Lake Adelaide Place
About This Property
Enter through chic, statement making, double entry glass doors into a stunning entry featuring rich, dark wood accents in a geometric inlay while taking in the unspoiled views of the lake and preserve in the distance. The main floor features a large, well appointed dining room served by a butler's pantry and an office with plenty of natural light. Your dream kitchen is both lovely and functional ...SEE MORE... as it includes quartz countertops, a counter height center island with waterfall sides, glass tile backsplash, a six burner gas cooktop, stainless steel appliances and timeless shaker cabinetry. Enjoy breakfast alfresco by opening the 90 degree sliding doors in the breakfast nook. The spacious great room is adorned with bespoke woodwork including a back lit accent wall and has 10 ft, quad sliders that provide an easy flow onto the lanai. The owner's retreat has access to the lanai and features a spa like bathroom with a free standing tub, large shower and custom closet. A generously sized bedroom and en suite bath make an excellent guest suite. An arrival area and the laundry room plus a powder room complete the first floor. '||chr(10)||'Upstairs, two ample sized bedrooms, each with its own stylishly appointed bathroom, flank the staircase. A large club room provides a second living area. A media room, with pocket doors, can be accessed through the club room for family movie night. An additional air conditioned space is perfect for exercise equipment and also offers plenty of storage. Relax at the end of a long day on the covered, screened balcony and enjoy the serene views of the preserve at sunset. '||chr(10)||'Outdoor living is at its finest with an opulent pebble finish pool and stunning glass tile spa. There is plenty of covered and open seating plus an outdoor kitchen complete with range hood. '||chr(10)||'Other features not to be missed include impact windows and doors, a 3 car garage with epoxy flooring, tech 4 home automation system and an 11KW generator.'||chr(10)||'Adelaide is a premier gated community, designed to rival the finest homes in Brevard County. Situated in Viera, over a third of Adelaide's neighborhood is either water or preserve land and features unmatched amenities including a jogging trail system, tennis and basketball courts as well as a 5-acre park with community dock, pavilion, and playground. If water sports are your passion, Lake Adelaide offers the opportunity for year-round paddle boating, kayaking, waterside meditation, and the Space Coasts superior beachline is only 15 minutes away. Golf cart to the Avenues, catch a game at the Sports Complex, watch rocket launches from your driveway, or golf at local pristine courses nearby. With easy access to I95, Orlando Park attractions and International airport is 45 minutes away. '||chr(10)||''||chr(10)||'
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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%.
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.
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