511 Regatta Bay Boulevard
About This Property
Upstairs, the private junior master suite provides an inviting retreat with its own large walk-in closet, spacious bathroom with new countertops and a private balcony showcasing sweeping views of the lake and golf course. The upper level also includes a convenient wet bar complete with a beverage cooler and sink, creating an ideal space for guests or extended stays.
Outdoor living is a highlight of this home, beginning with a screened-in pool and hot tub equipped with a new pump and controller. The newly expanded outdoor deck leads to a brand-new outdoor kitchen, perfect for entertaining. Adjacent to the pool area is a charming wood-burning fireplace with a cozy seating area. Extra touches like cute garden boxes, lush landscaping and an inviting swing make the outdoor living space a delight. The exterior has been freshly painted, including the pool surface and the home's mechanical systems have been upgraded with a new A/C controller and Wi-Fi thermostats and shades.
This property has undergone a significant renovation inside and out, featuring new interior and exterior paint, new designer lighting throughout, new sinks and faucets in the kitchen and bathrooms, new flooring throughout, new countertops in the master bath, kitchen, outdoor bar and junior master bath, a new wine chiller, a rebuilt kitchen island, a new garage workbench, new ceiling fans and lighting in the bedrooms and numerous outdoor upgrades including the deck expansion, outdoor kitchen, outdoor fireplace, garden boxes and swing. With its blend of luxury updates, prime location and stunning water and golf course views, this home is truly a must-see.
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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