ABSOLUTE SHOWSTOPPER IN ADELAIDE! What truly sets this home apart
is something rarely found at this scale: over 4,000 square feet of
beautifully designed living space, all on one level, with an
exceptional floorplan that feels both expansive and remarkably
comfortable. Set on a unique .65-acre pie-shaped lakefront
homesite, the home was designed to embrace its surroundings, with
gorgeous water and conservation views from nearly every room and a
level of privacy that is difficult to find. The layout is
exceptional, with 4 bedrooms, a private den, dedicated media room
and 3-car garage, along with an abundance of closets and storage
throughout. Dramatic coffered and tray ceilings add architectural
interest, while the thoughtfully designed spaces flow effortlessly
from one to the next. At the heart of the home, an expansive
kitchen with oversized island and walk-in pantry opens to generous
gathering spaces, making this an incredible home for entertaining
without ever sacrificing intimate, private places to retreat. Walls
of glass draw your eye outdoors, where covered and open-air living
areas, a summer kitchen and resort-style infinity pool and spa
overlook the lake and protected conservation beyond. Whether
hosting a houseful of friends, enjoying a quiet evening by the pool
or simply moving through everyday life, this is a home that lives
as beautifully as it looks. Beyond the property, the exclusive
guard-gated Adelaide community offers tennis courts, basketball, a
jogging trail, playground, pavilion, dock and boardwalk.
Exceptional design, extraordinary views and privacy come together
in a home that is truly unlike anything else in Adelaide.
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.
Parking Features: Attached, Circular Driveway, Garage, Garage Door Opener
Garage Spaces: 3
Interior Details
Full Bathrooms: 4
Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Entrance Foyer, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Smart Thermostat, Walk-In Closet(s), Primary Bathroom -Tub with Separate Shower, Primary Downstairs, Split Bedrooms
Appliances: Dishwasher, Dryer, Electric Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
Flooring Type: Carpet, Tile, Wood
Exterior Details
Square Footage: 4018
Square Footage Source: $0
Security Features: Gated with Guard, Security System Owned, Smoke Detector(s)
Architectural Style: Spanish
Year Built: 2018
Waterfront Features: Lake Front
Building Area Total: 5499
Levels: One
Other Structures: Outdoor Kitchen
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Covered, Patio, Porch, Screened
Pool Features: Gas Heat, Heated, In Ground, Salt Water, Screen Enclosure
Pool is Private
Lot Features: Cul-De-Sac, Sprinklers In Front, Sprinklers In Rear
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