602 Regatta WAY
About This Property
Inside, meticulous details abound, from custom-designed ceilings to a great room featuring a fireplace on the feature wall, seamlessly connecting to the gourmet kitchen and dining area-all with breathtaking views of the backyard resort. Wake up to awe-inspiring views in the first-floor owner's suite, designed for ultimate comfort and relaxation. This personal retreat includes custom his and hers walk-in closets and a spa-like bathroom with a separate soaking tub, an oversized dual-entry shower, and sliding glass doors leading to a luxurious private outdoor shower under a trellis. For added privacy, two secondary ensuite bedrooms on the first floor cater to guests or serve as an in-law suite. An elevator adjacent to the great room adds accessibility to the upper living area, and the first-floor powder room is accessible from both inside and out. Ascend to the second floor, where a bonus room with a wet bar awaits, complete with a microwave, wine cooler, ice maker, and dishwasher. Twelve-foot sliders in the bonus room open to a 15x40 balcony, offering unrivaled views of the surrounding canals and the backyard oasis. The second floor also boasts a fourth ensuite bedroom with sliders opening to the balcony. Additional features include a 4-car tandem garage with ample space for a golf cart or workshop. Whether you seek relaxation by the pool or aspire to entertain guests in style, this residence presents itself as a personal oasis for enjoying life's moments-from sunrise to sunset and beyond. Located in The Inlets, the Gulf Coast's premier gated waterfront community with deep water dockage, this home offers easy access to the historical districts of Bradenton, the cultural charm of Sarasota, and the excitement of Tampa and St. Pete. Live the dream in this exceptional residence that seamlessly blends sophistication with the joy of waterfront living.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 1, 2024 | Sold | ||
| Sold | |||
| Jan 3, 2024 | In contract | - | |
| In contract | |||
| Nov 10, 2023 | Listed by FINE PROPERTIES | $4,500,000 | |
| Listed by FINE PROPERTIES | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017