Discover this gated estate on over 5 acres with a 5,000+ sq ft
home, lighted ponds with twin fountains, mature trees, and a
screened-in pool overlooking two separate pastures. The brick-paved
entry courtyard features a 6-foot bronze fountain, a covered
portico, and double French doors. The main level includes a living
room with 12-foot ceilings, tile flooring, and gas fireplace; a
private office with built-ins; formal dining room with coved
ceiling and French doors to a side patio; with a spacious kitchen
featuring stainless-steel appliances, abundant cabinetry, and
generous counter space. The kitchen opens to a breakfast nook and
family room with a second fireplace. The first floor also offers a
media room, tech closet with Wi-Fi tower, and a half-bath
accessible to the pool deck. The main level also offers a private
in-law suite with conference room/living area, bedroom, private
bath, kitchenette, and separate entrance. The primary suite
includes two walk-in closets with custom cabinetry and an ensuite
bath. A second bedroom suite, hobby room, and laundry room complete
the main floor. Upstairs are three bedrooms, two bathrooms, lounge
area, large storage room, and an expansive covered balcony. The
screened pool area includes two separate lounge areas, a heated
spa, an expansive stone paver deck and views of the surrounding
fenced-in property. Once you take that winding drive up to the
house, you'll want to stay!
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.
Patio and Porch Features: Covered, Enclosed, Front Porch, Screened, Side Porch
Pool Features: Gunite, Heated, In Ground, Screen Enclosure, Lighting
Pool is Private
Lot Features: Oversized Lot, Zoned for Horses
Lot Size Area: 5.01
Lot Size Units: Acres
Lot Size Acres: 5.01
Lot Size Square Feet: 218236
Tax Lot: 2
Water Source: Public
Financial Details
Tax Annual Amount: $8,449
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Electric, Propane
Sewer : Septic Tank
Building Info
Overview
General
Year Built:
2006
Effective Year Built:
2008
Building Count:
1
Bedroom Count:
7
Bathroom Count:
6
Full Bathrooms:
5
Partial Bathrooms:
6
Bathroom Plumbing Fixtures:
27
Building Condition:
7
Building Quality:
7
Construction Type:
12
Building Style:
0
Exterior Walls Type:
12
Interior Walls Type:
0
Roof Shape Type:
7
Roof Cover Type:
3
Floor Count:
200
Living Units:
1
Floor Cover:
0
Basement Type:
0
Basement Area:
0
Garage Type:
1
Garage Square Area:
1,406
Parking Space Count:
5
Patio Type:
59
Porch Type:
111
Pool Type:
8
Dimensions
Lot Size Square Feet:
218,236
Total Building Area:
8,739
Gross Building Area:
8,739
Building Area:
4,850
Building Area Measurement:
L
Heating and Cooling
Fireplace Count:
1
Air Conditioning:
1
Heating:
3
Heated Square Feet:
4,850
Heating Fuel Type:
2
Utilities
Sewer System:
0
Water Service:
0
Building
Building Type:
0
Property Class:
R
Subdivision:
RYE MEADOWS
Land Acres:
0000005010
Standard Land Use Code:
1001
County Land Use Code:
0100
State Land Use Code:
01
Legal Description 1:
LOT 2 OF RYE MEADOWS AN UNRECORDED SUBD IN SEC 23 TWN 34S RNG 19E AND BEING MORE PARTICULARLY DESC AS FOLLOWS: COM AT THE NE COR OF SD SEC 23; TH S 00 DEG 00 MIN 55 SEC E ALG THE
Neighborhood
School District Name:
Manatee County School District
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