460 Spoonbill Lane
About This Property
For the 1st time since 1998 this extraordinary property is now available! Located at the end of Spoonbill's canal where it meets the wide-open Indian River +3,500 sq ft residence sits on 2 premium lots offering rare and unmatched waterfront features.
1st lot boasts panoramic views and direct Indian River frontage. The 2nd includes a protected covered boat dock-an incredibly rare find-tucked into the canal's end providing safe EZ boat storage with direct access to open water.
Meticulously maintained by a conscientious owner the home features a spacious open floor plan that maximizes natural light and showcases those breathtaking water views.
NOW PRICED BELOW APPRAISAL - MOTIVATED SELLER! This is NOT a distressed property-just FAIRLY and COMPETITIVELY priced to sell. Whether you're looking to enjoy it as-is, refresh with modern updates, or tear down and build TWO brand-new homes, the possibilities are endless! CLICK 4 +REMARKS 17500 Watt Generator Included Extra wide 18 Ft garage door
Hurricane Shutters
Inspection Report
4 Point Inspection
Wind Mitigation Certificate
Attached TV in living room conveys
Direct TV hooked up in Primary & Living Rms
Appraisal Available
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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