600 OWL WAY
About This Property
Set on an expansive almost 1/3-acre corner lot on Owl Drive, this 3-bed, 3-bath, 2,300 sq. ft. pool home has been meticulously maintained and thoughtfully revitalized. Recent updates include new flooring in the living room, kitchen, dining, and laundry rooms, a brand-new roof (December 2024), stunning new granite countertops in the kitchen, and a remodeled bathroom accessible from the den. Fresh interior and exterior paint, along with a newly painted fence, further enhance the home's appeal.
From the moment you step inside, you'll feel the fresh and inviting atmosphere with magazine-worthy style. The neutral palette created by the white oak flooring complements any decor style. The entertainer's kitchen features wraparound stone countertops, offering ample seating for casual gatherings, along with stainless steel fridge, Bosch dishwasher, and custom cabinetry.
Adjacent to the kitchen and dining area, a flexible space can serve as a study, gym, or hobby room. The primary suite is a serene retreat with custom walk-in closets and a beautifully redesigned shower featuring stone and river rock accents. The split floor plan ensures privacy for guests with two additional suites furnished to perfection.
Step outside and experience true Florida living with a seamless transition to your outdoor oasis, complete with a pool, spa, oversized fenced yard, and lush landscaping. Additional features include an oversized laundry room, a side-entry garage, and modern upgrades such as plantation shutters, contemporary lighting and fans, newer AC (2022), water heater (2022), pool screen (2023), pool pump and automation (2023), epoxy garage floors, and storage racks (2020).
Enjoy low HOA fees and no CDDs while embracing the Bird Key lifestyle-whether it's walking the iconic Ringling Bridge, indulging in water sports at Bird Key Park, or dining and shopping just minutes away at St. Armands Circle and Lido Beach. For those seeking a social and boating lifestyle, the Bird Key Yacht Club offers exceptional amenities including boating, dining, tennis, and events.
Don't miss out on this extraordinary opportunity to own a piece of paradise!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017