502 BAYVIEW DRIVE
About This Property
Set on a spacious corner lot with almost 9,000 square feet, the charming coastal residence features 3 bedrooms and 3 full bathrooms, including two ensuite bedrooms. Inside, the home showcases high-end finishes throughout, including 12x24 porcelain tile flooring throughout and a stunning kitchen with white shaker cabinetry, stainless steel appliances, built-in oven, glass cooktop, pot filler, wine refrigerator, and an oversized island ideal for entertaining family and friends. An electric fireplace adds warmth and style, while new hurricane-impact windows flood the home with natural light.
The backyard offers ample space to add a pool and create your own private island oasis. Boaters will appreciate the short, deep-water canal with direct access to the Intracoastal Waterway, providing the perfect opportunity to customize a dock and lift to suit your needs.
This property presents endless possibilities-enjoy the home as-is or enhance it with a pool, spa and boat dock to match your lifestyle and take full advantage of the exceptional water access. A trolley stop and beach access are just around the corner, making it easy to enjoy everything the island has to offer.
This is truly the perfect place to savor the Anna Maria Island lifestyle-where boating, beaches, and island living come together. Life is good when you live on Anna Maria Island. * Note: Property information received from third-party sources is considered reliable but not guaranteed. All information should be independently verified by buyers and buyers agent.
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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%.
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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.
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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017