A move-in ready waterfront residence offering the comfort, quality,
and updates today's buyers seek at a price point rarely available
among newer estate homes in the community's luxury market. Offering
5,678 square feet of beautifully appointed living space, this
exceptional residence features five bedrooms, five-and-one-half
baths, guest house and a newly renovated primary bathroom. Solid
maple hardwood floors add warmth and elegance. The well-equipped
kitchen features a Sub-Zero refrigerator, two additional Sub-Zero
refrigerated drawers, a 48-inch Wolf range, and an oversized teak
island ideal for both entertaining and everyday living. Additional
improvements include a recent roof, impact windows, a full-house
generator, four new air-conditioning systems, an air-conditioned
garage... all-new two-inch LED lighting, a new water heater, and
two washers and two dryers. Outdoor living is easy with a large
loggia, serene pool, and sundeck that leads to a private dock for
up to a 70' yacht. Thoughtfully updated, this residence combines
generous proportions and quality finishes. This is a rare chance to
own a well-appointed golf membership home in one of the area's most
desirable waterfront communities while enjoying outstanding value.
Style it your way, move in and enjoy this season. Required
golf membership purchase conveys all the first class amenities of
Admirals Cove including two spectacular clubhouses, 45 holes of
golf, 5 restaurants, 58 slip marina with floating docks, Yacht
Club, 9 har tru tennis courts, 12 pickleball courts, state of the
art fitness and wellness center with Technogym machines, 21,000 sq
ft spa & salon, 30 room Waterside Private Boutique Hotel for
members and their guests, Golf Learning Center, Covesters kids
club, dog park and Platinum service.
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.
Parking Features: Attached, Garage, Garage Door Opener, Guest, Paver Block
Garage Spaces: 2
Open Parking Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 5
Interior Features: Wet Bar, Breakfast Bar, Entrance Foyer, High Ceilings, Kitchen Island, Soaking Tub, Walk-In Closet(s), Bar, Bathtub, ClosetCabinetry, DualSinks, FamilyDiningRoom, SeparateShower
Appliances: Cooktop, Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Oven, Refrigerator, Water Heater
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