431 Eastern Lake Road
About This Property
The heart of the home unfolds on the second floor, where a sophisticated living space is thoughtfully designed for relaxation and entertainment. Natural light, soaring vaulted ceilings, and warm wood tones infuse the area with coastal ambiance. The covered outdoor living area on this level, complete with new decking, is perfect for gatherings or quiet evenings outdoors. The newly refreshed culinary kitchen features custom cabinetry, gorgeous quartz countertops and backsplash, an extended island, and a professional-grade appliance package, making it ideal for hosting. A junior suite with stunning views of the pool and a private ensuite is also located on this floor.
Just upstairs, the crow's nest provides the perfect space to gather and admire the mesmerizing hues of the famed Emerald Coast sunsets while enjoying breathtaking views of the Gulf and Eastern Lake.
Extending the home's seamless indoor-outdoor living, the backyard oasis is bordered by lush vegetation and a six-foot privacy wall. Relax in the newly refinished saltwater heated pool, or take just a few steps to the Eastern Lake Public Beach Access, which boasts nearly 400 feet of public beach frontage across six pristine acres.
Nestled on the south side of Scenic Highway 30A, the sought-after area of Eastern Lake offers close proximity to both beach and lake access, as well as a short distance to Greenway Park and the "new town center," featuring Wild Olives, Canopy Road Breakfast Cafe, Turbo Coffee, Local Cantina, Pecan Jacks, Jonah Allen Art Gallery, local boutiques, and State Forest access.
With impressive rental potential - annual revenue projections exceeding $150,000 - and its fully furnished, turnkey configuration, 431 Eastern Lake Road is a compelling opportunity for investors and second or full-time residents alike. Schedule a private viewing today and start living the coastal lifestyle you deserve.
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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