4535 Lighthouse Lane
About This Property
This home is made for entertaining and everyday living. Enjoy soaring ceilings, an open floor plan, a coastal modern feel, and indoor and outdoor living areas that magically flow together. The Great Room is the center of the home, with kitchen, dining, and family room opening to the outdoor patios, pool, spa, and fire pit areas. This is ideal for large and small gatherings. On the north end of the home is the primary suite which also opens to the pool and great views. It has a large sitting area, huge closet complex, and an intimate spa-like bathroom. The office off the living room has a custom-built floor- to-ceiling desk and cabinetry. On the south end of the home is the visitor/guest quarters, anchored by a second primary "Cottage" suite with a custom wooden ceiling, sitting area, dressing area, and a spectacular bath. The suite has a private entrance to the outdoor fountain patio. Two additional bedrooms and a bath adjoin the cottage creating a private 'Naples' experience for relatives or friends.
This home has a bounty of special features - custom floor-to-ceiling cabinets throughout, custom closets, designer appliances, home audio system, a unique tranquility fountain and patio overlooking the golf course, built-in gas fire pit, professional landscaping and outdoor lighting, circular driveway with abundant guest parking, new pool and spa (2014), custom-designed lanai screen and deck (2014), 1000 gallon propane tank, generator, new roof and exterior paint (2021), and an oversized garage with new epoxy floor and ceiling loft storage.
In the downtown Bayshore Arts District area, "It's Better by The Bay". As a Windstar resident take advantage of the Keewaydin Queen's nautical adventures (Sunset Cruises, Special Events and Private Charters) and enjoy the private beach club at Keewaydin Island. For additional "It's Better by The Bay" experiences, you can join The Southpointe Yacht Club or The Windstar Club. With this property a Golf Membership at the Windstar Club is negotiable, allowing the buyer to bypass the extensive waiting list and become a member on the day of closing (contingent on the Club's application process). "Welcome Home - It's Better by The Bay!"
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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.
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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017