"Luxury Lake Retreat at half of Lake Martin Prices and a fraction
of 30A, is what you will say when you are welcomed through
the massive artisan iron double doors. This custom home was
architecturally designed and built like no other on Lake
Eufaula. Expansive elevated views of the lake are enjoyed in
all the living and bedroom suites of the home. This Interior
Designer's personal home is luxurious throughout, beginning in the
two story foyer with a custom wrought iron floating
staircase, custom trim, and marbleized Italian porcelain
flooring that takes you into an open living room with a fireplace,
dining room and gourmet kitchen, and a panoramic view of the
Lake. The folding "Nana Wall" glass doors open to expand the
living room onto the large back porch with outside living and
dining areas, featuring an in-grade hot tub spa/pool with a reverse
edge overlooking the Lake. The expansive covered porch has 3
ceiling fans and massive stone gas log fireplaces on either
end, with 14' tongue and groove cypress ceilings inside large brick
archways. The center of the porch features an outdoor kitchen
and dining area. The downstairs features 14' ceilings with
custom millwork trim and decorative ceilings throughout. The
main level is perfect for entertaining large or small groups, both
inside and out with many gathering areas for family and
friends. An open Chef's Kitchen has accents of stone
throughout. A 10' island in the center of the kitchen
provides extra seating for guests. Adjacent to the main
kitchen is a scullery kitchen along with a butler's pantry
containing a double oven, wine refrigerator, freezer with ice
maker, wine cabinet and bar sink. The Dining Room has a round
intersecting ceiling accented by an artistic contemporary
chandelier. The main floor Master Suite consists of 4
rooms. The Master Bedroom has a decorative ceiling and
offers tremendous views, especially at sunrise and sunset on
the Lake. The Master Closet is a large room with an island
cabinet and quartzite top, surrounded by mirrored and frosted
glass closet doors with deep drawers below. The enclosed closets
around the perimeter and dedicated shoe racks are illuminated
by soft indirect LED lighting. An enclosed washer/dryer
closet completes the room. The Master Bath is luxurious with
style from ceiling to floor. A quartzite and glass column
centerpiece with artistic chandelier creates a wall feature
which separates the large soaking tub from the walk-through
shower with 3 heads and hand held unit. A Wet Closet with
European style decor completes the Master Suite. The
Executive Office near the breezeway and porch with cathedral
ceiling is a retreat in itself, with rich colors and dramatic
ceiling accents and French doors opening onto an additional porch
living area with a dramatic 24' cathedral ceiling with a tall
stone fireplace and chimney. COME AND SEE!
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.
Interior Features: Beamed Ceilings, Double Vanity, High Ceilings, Soaking Tub, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Master On Main Level, Separate Shower, Tile Bath, Two Story Foyer, Wine Cellar
Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Electric Water Heater, Ice Maker, Indoor Grill, Microwave, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Washer, Oven/Range (Combo), Oven (Wall)
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