548 REGATTA WAY
About This Property
Open living spaces are bathed in natural light from numerous windows and sliding glass doors, seamlessly blending indoor and outdoor living. Enjoy cooking and entertaining in the chef's kitchen, which features a double oven, commercial-grade gas stove, quartz countertops, Carrara marble backsplash, oversized island with elegant pendant lighting, and opens to the main living area.
Wake up to glistening water views from the private owner's retreat, complete with dual walk-in closets and a spa-like en-suite offering dual sinks, a walk-in shower, and a soaking tub. Two additional bedrooms, a den/office with dual French doors, and a bonus pool room-ideal for a gym or additional bedroom-complete this exquisite home.
With over $150,000 in upgrades, including a three-car garage with paver driveway, new front doors, extra insulation for energy efficiency, plantation shutters, central vacuum, crown molding, new tile flooring in the bedrooms, and a newer boat lift, all that's left to do is move in.
Not only is this prime location ideal for boating and dolphin sightings, but the neighborhood is also just minutes from I-75 and an abundance of shopping and dining.
What I Love About This Home
• Newer 20,000 lb boat lift
• 75 feet of freshwater canal frontage
• Boats up to 40 feet allowed (maximum 25,000 lbs)
• End-of-canal location-perfect for flushing engines after a day of boating
• Beautiful sunset views
• No homes across the street-protected wetlands views
• One of the nicest pools and lanais in the neighborhood
• New tile floors in all bedrooms and the pool room.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017