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406 BAY PALMS DRIVE
About This Property
Bright, inviting and designed for easy island living, the home features an open floor plan, colorful coastal interiors and thoughtful custom finishes. A beautifully designed sea turtle tile feature in the kitchen and nautilus-inspired tile in the primary bath add distinctive personality.
The real attraction is outside, where a spacious private pool and spa create the perfect setting for enjoying Florida's year-round sunshine. A covered porch provides generous space for outdoor dining, entertaining or simply relaxing after a day at the beach.
Location matters, especially when purchasing an island vacation property. Centrally located in Holmes Beach, this home puts the best of Anna Maria Island within easy reach. Hop on the free island trolley and explore everything from the Anna Maria City Pier to Coquina Beach, with shopping, dining and beautiful Gulf beaches along the way.
Whether your goal is to generate vacation rental income, secure your own island getaway or enjoy the best of both, this property deserves your attention. With its desirable rental zoning, inviting outdoor amenities and move-in-ready condition, the opportunity to start enjoying island ownership is already in place.
Don't just dream about owning a beach house on Anna Maria Island. Make your move. Call today to schedule your private showing!
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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.
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About Holmes Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017