5138 39th STREET W
About This Property
Designed to embrace the natural surroundings, the main living areas effortlessly flow around the breathtaking outdoor oasis, inviting seamless indoor-outdoor living. With its airy vaulted ceilings and thoughtfully designed open floor plan, this residence is an entertainer's dream, epitomizing the essence of effortless Florida living.
The expansive kitchen, adorned with ample granite countertops, sleek stainless-steel appliances, wine cooler, and dual breakfast bars, beckons both culinary enthusiasts and casual diners alike. Whether grabbing a quick bite or engaging in lively conversation with the chef, every moment is infused with a sense of warmth and hospitality.
Retreat to the privacy of the split bedroom layout, with the palatial primary suite occupying one end of the home, boasting French doors that frame captivating water views. Here, relaxation knows no bounds, with a spa-like ensuite featuring dual sinks, a luxurious walk-in shower, and a generously sized walk-in closet.
Outside, the screened lanai takes center stage, offering an idyllic setting for alfresco dining, sunset soirees, and wildlife watching against the backdrop of the tranquil pond. Beyond the confines of this oasis, the convenience of location unfolds, with the nearby Detweilers grocery store, pristine beaches, and vibrant downtown areas just a short drive away.
Embrace a life of leisure and adventure, with world-class amenities such as the IMG Academies, golf courses, and tennis and pickleball courts at your fingertips. Don't miss the opportunity to immerse yourself in the quintessential Florida lifestyle-schedule your private showing today and make this coastal haven your own.
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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