**ASSUMABLE FLOOD INSURANCE POLICY UNDER $1,000 PER YEAR!**
Experience the ultimate Southwest Florida waterfront lifestyle in
this beautifully remodeled 3-bedroom, 2-bath pool home, completely
updated in 2019 and designed for effortless indoor-outdoor living.
No hurricane or storm surge water has ever entered the home,
offering an added level of peace of mind. Boaters will appreciate
the exceptional direct, deep-water access providing an easy route
to Pine Island Sound, the Gulf, nearby beaches, island destinations
& some of Southwest Florida's most renowned fishing grounds. The
impressive waterfront setup features two boat lifts-10,000 lb &
7,000 lb-both equipped with GEM remotes, a boathouse with metal
roof, composite dock with water & electric, plus a fish cleaning
station. Inside, vaulted ceilings and abundant natural light
enhance the open great room concept with a desirable split-bedroom
floor plan. Expansive sliders extend the living space directly to
the lanai, creating a seamless connection between indoors & out.
The kitchen is the focal point of the home, showcasing a large
island with waterfall-edge granite, granite countertops, tile
backsplash, under-cabinet lighting, Bosch dishwasher, stainless
steel appliances, abundant drawers & cabinetry, plus a pantry with
convenient pull-out shelving. A separate beverage area in the
dining room adds the perfect touch for entertaining. The spacious
primary suite offers private lanai access through sliders, two
walk-in closets and an en suite bath with dual sinks & a walk-in
shower featuring multiple shower heads. Both guest bedrooms are
generously sized and can accommodate king-size beds, while the
guest bath conveniently doubles as a pool bath. Step outside to
your private waterfront oasis featuring an electric & solar-heated
pool with waterfall accent and a lanai spanning the full length of
the home, including a generous under-truss area with plenty of room
for dining, lounging & entertaining. Additional features include an
in-residence laundry room with utility sink, 2-car garage with
workbench, generator plug & transfer switch, new tile flooring
throughout all main living areas with carpet in the bedrooms,
accordion shutters throughout the entire home, and electric
roll-down shutters protecting the lanai. Whether you're heading out
for a day of fishing on Pine Island Sound, cruising to the Gulf,
island hopping to nearby beaches or simply relaxing poolside, this
home puts the best of the Southwest Florida boating lifestyle right
outside your back door. Listing has virtually staged photos.
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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