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5543 SE Reef Way
About This Property
This completely renovated home overlooks the pristine Intercoastal Waterway w/breathtaking views of Sailfish Point & the St. Lucie Inlet Preserve State Park. Step inside & discover refined elegance & contemporary sophistication, impeccable craftsmanship & timeless charm. Splash in the newly renovated pool w/all-new equipment & embrace the natural beauty of a thriving ecosystem w/playful dolphins, gentle manatees, and elegant blue herons. Watch turtles bask in the warm Florida sun and spoonbills wade in the shallows. Adventure seekers can glide along on a paddleboard, explore hidden coves in a kayak, or embark on leisurely excursions aboard a small skiff. Fishing enthusiasts cast a line off the dock or take a short boat ride to the ocean. Indulge in the ultimate waterfront lifestyle where every day celebrates natural beauty, unparalleled luxury & boundless adventure.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| May 24, 2024 | Listed by New Wave Real Estate Group Inc | $4,375,000 | |
| Listed by New Wave Real Estate Group Inc | |||
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Welcome to a sanctuary of luxury and tranquility in one of Rocky Point's most sought-after communities. Nestled within a gated enclave, rarely do homes come on the market at THE REEF. This is your chance to call this completely renovated home yours. Overlooking the pristine Intercoastal Waterway with breathtaking views of Sailfish Point and the St. Lucie Inlet Preserve State Park, and a quick boat ride to the ocean .This waterfront haven offers the ultimate coastal living experience.
Step inside to discover refined elegance and contemporary sophistication. This home showcases impeccable craftsmanship and timeless charm. Discover the ultimate culinary luxury in this renovated chef's kitchen featuring top-of-the-line Thermador appliances. Enjoy a professional-grade gas range, spacious refrigerator, and high-performance dishwasher, all seamlessly integrated into the open-concept design. Expansive quartzite countertops and custom cabinetry provide ample workspace and storage. The kitchen's charm is enhanced by stunning intercoastal views from oversized windows, offering a serene backdrop for meal preparation or morning coffee. This kitchen is perfect for creating, entertaining, and enjoying fine living. The home features luxurious, wide, wood-like plank floors to add to the sophistication.
The heart of the house is a newly renovated saltwater pool with a full cabana bath featuring a steam shower, inviting you to unwind in style. Additionally, the property includes 16,000lb and
24,000lb boat lifts replaced in 2021, a dock with electric and water hookups, and a fish cleaning station. With three recently replaced air conditioners, two tankless water heaters, and an air-conditioned garage, comfort is guaranteed.
Conveniently located just 5.8 miles from Stuart Executive Airport with a US customs office, 40 miles from the Kravis Center for the Performing Arts, and 42 miles from Palm Beach International Airport, this home offers the perfect blend of luxury, convenience, and elegance.
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| Mar 5, 2021 | Sold | ||
| Sold | |||
| Oct 20, 2020 | Listed by Waterfront Properties Inc | $2,350,000 | |
| Listed by Waterfront Properties Inc | |||
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Occupying one of the most beautiful locations at the mouth of the Intracoastal Waterway, just minutes from the St Lucie Inlet, this gorgeous 4 bedroom/4.5 bath home embraces one of the most tranquil wide water views you'll ever see! Recently Dredged for to 4.5-5ft low tide. Spacious rooms, with luxurious marble floors sweep through this house with walls of windows that open to the incomparable pool/spa area in its resort-like setting! A kitchen that will please the finest of chefs has a gas range, 2 wall ovens, Sub Zero refrigerator with granite and custom cabinets open to a spectacular family room that in turn opens to a huge summer kitchen where you'll surely spend many a happy hour! The soaring living room with its second
floor gallery leads upstairs to an enormous bonus room with unlimited potential - think home theater, play room, studio, and views almost all the way to the ocean! Master bedroom on first floor has an amazing bathroom and closets.
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| Oct 10, 2020 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017