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550 Saturn Lane
About This Property
Imagine yourself enjoying cocktails as you watch the gentle waves and feel the ocean breeze on the spacious balcony of this Key West home nestled within a tropical oasis.
This home is flooded with sunshine as you enter the second story living area. You will be stunned by the attention to detail of the beamed 11' ceilings, woodwork, open floor plan and hand scraped walnut hardwood floors.
This state of the art kitchen with custom cabinets, granite countertops, stainless steel appliances and oversized island, provides the perfect place for entertaining friends and family. Cocktails are at your fingertips at the custom bar with glass fron wine cooler and additional bar refrigerator.
The formal dining area adjacent to the kitchen is fabulous for all your holiday dinners.
On cooler evenings, you can enjoy the ambiance of the living room fireplace and ocean views through the picture windows.
As you enter through the double doors to the large private master bedroom suite, you will notice the beautiful wainscoting details, plenty of room for a desk and comfortable sitting area by the window. The master bath with double sinks also has a generously sized shower.
Across the main living area, your guests will enjoy their privacy and find it hard to leave the tastefully decorated guest bedroom with en-suite bath and treetop views.
As you exit the upstairs living area, orchids hang from palm trees as you approach the ground level apartment with private entrance. This apartment multi-tasks as a mother-in-law suite or income-producing apartment. The tropical decor of this amazing space has beautiful wood-look porcelan tile floors throughout, a modern custom kitchen with granite countertops and stainless steel appliances, large breakfast island and open concept family room area with large screen TV and comfortable seating. The bedroom is impeccably decorated, with large walk-in closet and the adjacent full bath is crisp and clean. This unit also has its own laundry room with full size washer and dryer and a separate A/C unit.
Whether you prefer early morning, afternoon or evening walks, serenity is only steps away at the end of your private road. Stroll along the ocean as the wet sand imprints your feet, or enjoy the lush landscaping and beautiful pergola in your own backyard. Delight with lunch or dinner in the shade of an umbrella, or relax and unwind with a glass of wine after a long day. There's no need for a pool with its proximity to the ocean, but there's ample room and plans are available, if a pool is a must have on your list.u
Built in 2014, with solid CBS construction with poured cells every two feet, this home features Kolbe impact windows, Neuma impact doors, WinDoor impact sliding glass doors, and hurricane rated garage doors.
Last, but not least, car lovers will enjoy this three car garage with extra storage and it's own powder room.
Check out this hidden gem before it's too late!!
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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%.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Sea Dunes
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$6,000 /mo
- 2 Beds
- 2 Baths
- 1,385 ft²
$7,500 /mo
- 2 Beds
- 2 Baths
- 1,385 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017