5 Sea Drift Terrace
About This Property
Experience the epitome of coastal living in this exquisite oceanfront property, offering unparalleled luxury and comfort. This home features breathtaking ocean resort feel, the soothing sound of waves, and fresh sea air, creating a serene environment that promises relaxation and tranquility.
It is a marriage made in heaven of home and ocean. Step inside to a large open living room area, perfect for entertaining guests. This spacious, airy, and welcoming space allows for flexible furniture arrangements and multifunctional use, making it ideal for hosting gatherings and parties.
The home boasts spacious bedrooms, including TWO private primary suites in a split floor plan. The designer kitchen is set up to accommodate family cooking with plenty of countertop space and an island.
A oversized air-conditioned garage with a 14' garage door provides ample space to accommodate larger vehicles, RVs, or boats. This versatile space can also be used as a comfortable workshop, gym, or additional storage, staying cool year-round for your comfort.
Wine enthusiasts will appreciate the air-conditioned wine cellar, which maintains the ideal temperature and humidity using it's own mini-split air conditioning system.
This well maintained home sits less than 150' from the beach situated in a quiet neighborhood on the famous A1A 'Ormond Loop'. Mornings are met with beautiful sunrises overlooking the Atlantic Ocean and evenings bring the cool ocean breeze and the calming sound of ocean waves where you can watch the spectacular rocket launches from the Cape.
The backyard and ocean view are perfect for family gatherings around the large custom pool and evening dinner on the observation deck which is surrounded by lush tropical plants. Relax in the heated spa, nap on the hammock under the palms or enjoy some fun on your private putting green.
Enjoy surf fishing or rent a boat at the Marina on the Halifax River just 3 miles away. Walk on the tourist absent beach for miles in either direction, north and south. Convenient shopping and restaurants within 15 minutes.
Overall, this oceanfront home offers a luxurious, comfortable, and versatile living environment that enhances the quality of life and appeals significantly to potential buyers. Don't miss the opportunity to own this exceptional property where every detail is designed for pleasure, leisure, and convenience.
The manager has listed the unit size as 3038 square feet.
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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