Rare opportunity to own one of only 4 detached with largest Club
Cottages site in all of Admirals Cove. Of the community's 16 Club
Cottages, 12 are attached, making this detached residence an
exceptionally rare offering. Ideally located just steps from the
clubhouse, tennis facilities, fitness center, marina, and
world-class amenities, this home offers a level of convenience that
is rarely available. The property offers outstanding future
potential, with HOA-approved plans and design already in place for
an expansion. The spacious lot also provides room for a private
pool, creating the opportunity to further customize and enhance the
home while maintaining its premier location in the heart of the
community. Updated and well maintained , the residence
features high ceilings, beautiful landscaping, and an inviting
floor plan that is ready to be enjoyed today while offering
tremendous upside for the future. Whether you're seeking a
seasonal retreat or a full-time residence, this property combines
rarity, convenience, and future potential in a way that few
Admirals Cove homes can. Enjoy immediate access to championship
golf, tennis, pickleball, dining, a full-service marina, and the
unmatched Admirals Cove lifestyle from one of the community's most
sought-after locations.
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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