500 Xanadu Place
About This Property
Situated on a double lot, this beach compound has it all. A coastal casual lifestyle, including a separate guest house with kitchenette and quartz countertops, electric fireplace, a full bath, and single garage with separate entry.
You understand as soon as you approach this home that it is truly unique & special.
Boasting two custom Tiki's, one of which has hand painted totem poles, a full bar and large outdoor living area with 14 foot ceilings, full electric and sound system, large ceiling fan, complete with massive weatherproof television and commercial grade refrigerator. To top off your amazing outdoor living area is a fabulous ice maker to keep your friends and family refreshed. Large propane gas grill with underground tank.
Additional smaller custom tiki with ceiling fan provides a perfect shaded area while lounging by your resort style pool and hot tub heated by propane. Herringbone travertine pavers and large sun deck. 10 foot Calusia hedge surrounds your entire lot for complete privacy. Vintage repurposed hand carved pelicans and pineapples have been thoughtfully placed on the entry ways adding to this gem's charm.
Large back covered area overlooking your nature filled canal where you can often spy an otter or dozens of turtles, various kinds of fish, ducks and amazing birds of many variety. Let's not forget your porch swing where you can watch all the activity while keeping dry during a rainstorm. Custom Epe tops and tension wire railings. New seawall. Ample sized private outdoor shower next to the outdoor powder room.
Whimsical custom back gate leading to a paved walk way directly to the beach, which is dog friendly! Large fenced area in front of home and a custom dog proof fence surrounding your entire yard makes having family fun much safer.
Great room with walnut flooring, large electric fireplace and mantle, vaulted ceiling with large beams, tong and groove paneling and high triangular windows adds to the charm.
Hurricane grade new windows through out the entire home and the Savant Smart Home system with Arlo cameras ensures a piece of mind while away. Lutron lighting, Sonos sound system.
Family room opening up to kitchen and garage. LG appliances.
One en suite guest room on first floor with wall to wall mirrored closet. Carpeted second floor with two guest rooms sharing a bath.
Enjoy listening to the ocean waves from you master bedroom balcony with spiral staircase leading to outdoor area. Large master closet and shower bath. Furnishings negotiable.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 8, 2021 | Sold | ||
| Sold | |||
| Feb 11, 2021 | Listed by Realty ONE Group Innovation | $1,850,000 | |
| Listed by Realty ONE Group Innovation | |||
| May 17, 2016 | Sold | ||
| Sold | |||
| Mar 31, 2015 | Listed by Illustrated Properties LLC (Co | $879,000 | |
| Listed by Illustrated Properties LLC (Co | |||
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This is the only available property in Xanadu with two building lots. Located captivating beach compound in a uniquely private cul de sac location in highly sought after Jupiter Beach community of Xanadu By The Sea. At 500 Xanadu Place you will find an updated main house 4 bedrooms, 3 baths, 2 car garage. A few of the main house upgrades include granite and pull outs in the kitchen, quiet and hypoallergenic cork flooring, and built in closets in home and garage. One bedroom is on main floor with full bath. Joining is 502 Xanadu Place complete with a suite style guest cottage with kitchen and 1 car garage. NEW Metal ROOFS for both properties the main house 500 and 502 Xanadu Place !!!
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About Xanadu by the Sea
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017