This Concrete block 3-bedroom, 2.5-bath home situated on a
desirable corner lot is in the private golf course community of
Mariner Sands. This charming residence offers a functional layout
with a spacious family room featuring a built-in bar-perfect for
entertaining-along with a separate dining room and an enclosed
sunroom for added living space. The primary suite includes two
walk-in closets and a well-appointed bath with double vanities and
a large walk-in shower. A generous guest bedroom offers its own
private bathroom, while the third bedroom is currently used as a
den, providing flexibility for a home office or additional living
area. The large kitchen offers abundant storage, and the expansive
screened-in patio creates an ideal setting to enjoy the private
backyard. Complete with a half bath and thoughtful layout
throughout, this home is a wonderful opportunity to enjoy country
club living in Mariner Sands. Residents enjoy two
championship 18-hole golf courses, Har-Tru tennis courts,
pickleball, croquet, and a state-of-the-art fitness center. The
community also features a resort-style pool with a separate lap
pool, along with the Sand Bar offering exceptional indoor and
outdoor casual dining. The spectacular new clubhouse provides both
fine and casual dining, along with weekly social events and happy
hours. Additional amenities include a dog park, playground, spa,
and nail salon-all just minutes from pristine beaches and charming
downtown Stuart. Social membership is required with a
one-time capital contribution of $50,000 due at closing. Golf
membership is separate and optional.
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.
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