461 Watts Way
About This Property
Welcome to 461 Watts Way, a breathtaking coastal retreat where luxury and waterfront living come together seamlessly. This fully renovated 3BR/2BA+ Office waterfront pool home is move-in ready, offering an unparalleled lifestyle just steps from the beach and offers 91 feet of direct waterfront access to the Banana River and Intracoastal Waterway. Whether you're setting out for a sunset cruise, fishing, or simply soaking in the coastal charm, this is the ultimate place to call home.
Bring your boat and water toys-this home is designed for adventure! Featuring a newer seawall, private boat dock, and lift, you'll enjoy peace of mind and effortless access to the open water. Imagine starting your mornings with a coffee on your covered lanai, watching dolphins and manatees glide by, or ending the day with breathtaking sunsets or year-round rocket launches from your private backyard oasis. Meticulously updated from top to bottom, this home boasts a 324 sq. ft. addition, providing a dedicated office with built-in cabinetry and closet and a functional indoor laundry room featuring generous cabinets with plenty of folding and hanging space and a sink for convenience. The gourmet chef's kitchen is a showstopper, featuring newer appliances, a spacious island, an induction cooktop, a built-in microwave, and high-end fixturesall overlooking your tranquil outdoor retreat.
The heated pool (installed in 2015) is designed for year-round enjoyment, complete with a sundeck, self-cleaning system, and serene ambiance. Relax under the expansive covered lanai, equipped with fans and electric phantom shades, perfect for entertaining or unwinding in your private tropical sanctuary. Recent exterior upgrades include fresh paint, new pavers, landscaping, and updated lighting. In addition, a newer Whole-house vacuum cleaner (2020), whole-house Generator (installed in 2020), 150mph Storm Impact windows, Newer Pool Heat Pump (2019), New AC (2022) and a Brand New Hot water heater (2024) ensure comfort and reliability in any season.
Nestled in a vibrant, walkable neighborhood, this home is just steps from some of the area's best dining, including Salty Sisters, 4th Street Grillin Station, Tiny Turtle, and The Alibi, with the renowned Fat Snook just a short drive away. Whether you're craving a casual beachside bite or a fine dining experience, the options are endless.
If you're searching for the perfect blend of luxury, relaxation, and adventure, 461 Watts Way is your dream waterfront home. Schedule your private tour today and start living your best beach life!
Additional Upgrades include: Roof (2013) Tuff Shed (2023) Vinyl Fencing (2015) Full Feature Sheet Available!
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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.
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