Located in the prestigious waterfront community of Admirals Cove,
this beautifully renovated single-story estate offers approximately
7,000 square feet of living space on an oversized lot with a
substantial driveway, expansive backyard, and a full golf
membership! With approximately 100 feet of waterfrontage, bring
your large boats and move right in to enjoy the amazing Admirals
Cove lifestyle with no fixed bridges and direct ocean access.
Inside, the home features high ceilings and abundant natural light
throughout. The kitchen is a standout, with large windows that fill
the space with natural light and overlook the outdoor areas and
water. Just off the kitchen is a well-appointed bar, creating a
natural gathering space for entertaining. The outdoor areas
feature a pool, spa, and putting green overlooking the water, along
with an outdoor kitchen complete with grill, wet bar, and mini
refrigerator. The primary suite is generously sized and includes a
spa-like wet room bath, offering a clean, modern design. Residents
of Admirals Cove enjoy access to an exceptional collection of
amenities, including a full-service marina, 45 holes of
championship golf, two clubhouses, two driving ranges, tennis and
pickleball facilities, a state-of-the-art fitness center, luxury
spa, and multiple waterfront dining venues. The club also offers an
active social calendar and world-class service, making Admirals
Cove one of the most sought-after private club communities in South
Florida.
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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