4223 ROYAL PALM DRIVE
About This Property
If you've been searching for the waterfront UNICORN that can truly accommodate your boating lifestyle, you've found it.
Set on a tri-canal intersection in San Remo Shores with 112 feet of deep-water frontage, this property was built around the water. Storm Marine built the seawall in 2013 and Duncan Seawall built the dock in 2018 - the 60' x 6' face, Azek decked, presents one continuous run: nothing to back into, no beam limit, served by a heavy-duty marine power yacht pedestal with 50-amp, 240-volt service. Entirely clear of that face, beyond the dock's east end, a 10,000 lb lift on 12'-0" centers with 36' and 34' catwalks carries the second boat, while an 11' x 12' platform lift lowers below the surface - drive personal watercraft straight on, or float a kayak over and lift it clear of the water. Yacht, second boat, skis, and paddle craft, all berthed at once.
Properties offering this level of boating infrastructure and protected deep-water access are becoming increasingly rare. Whether you own a large yacht, multiple boats, or simply want one of the area's most versatile waterfront setups, this is a property that is difficult to replicate.
The house holds up its end. 3B/2B and offered turnkey furnished, with a heated saltwater pool and spa, new roof (2024), 2025 AC, tankless water heater, reverse osmosis water, impact-rated garage door, and an outdoor shower for the walk up from the dock. The main living space opens to a lanai and the pool deck, with water views throughout. And a Hoshizaki commercial ice machine - the kind that fills every cooler on board in one pass, the morning of, without a trip to the store.
San Remo Shores has a voluntary association with no deed restrictions on vacation rentals - nightly rentals permitted, with real income potential. Anna Maria Island is three miles away and Palma Sola Bay is minutes from your seawall.
Deep water, protected approach, and dockage this specific are not replicable.
**Don't miss this opportunity to own one of the area's most unique waterfront properties-where serious boating meets laid-back coastal living.
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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%.
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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.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017