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5019 SAN MASSIMO DRIVE
About This Property
Step through the welcoming foyer into an inviting, sun-drenched open floor plan highlighted by soaring cathedral ceilings, easy care tile flooring in the main living areas and expansive windows giving the home an abundance of natural light. A custom built-in media and display wall anchors the main living area, which features a brand-new sliding glass door (installed 2025) opening directly to the outdoor oasis. Designed for effortless indoor-outdoor living, nearly every room transitions smoothly to the lanai. The kitchen serves as the heart of the home, complete with beautiful solid oak cabinetry, solid surface countertops, a built-in desk, and a convenient breakfast bar. A thoughtful split floor plan ensures maximum privacy for guests, complete with an adjacent pool bath, while the primary suite offers a true retreat featuring direct lanai access and a beautifully redesigned ensuite with dual sinks and a custom-tiled glass shower.
Step outside to your private paradise, where a covered lanai and a screened pool with a new cage overlook the spacious backyard and city-maintained seawall. This property offers total peace of mind with significant recent updates, including a new metal roof, high-impact windows, storm covers, and a new A/C system from 2024. Located just minutes from Twin Isles Country Club and a short drive to the Punta Gorda Yacht Club, historic downtown, Fishermen's Village, and I-75, this exceptional property blends premium waterfront living with unparalleled convenience.
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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