612 Valencia Road
About This Property
corner lot with lush, tropical landscaping. Enter in through the expansive great room. Vaulted ceilings, beautiful wood detailing and an open concept
living are sure to wow you! This home encompasses a split floor plan with 3 bedrooms, a den, perfect for your new ''work from home'' office, a bonus
room complete with a modern Manhattan Billiards table and wet bar, plus 4 full baths. Gorgeous lit tray ceilings frame the Master bedroom with double
doors that open out to the pool and patio plus two large walk-in closets with custom built-ins. Master bath is finished with double vanities, a rain shower
and a freestanding bubble tub. The Kitchen is equipped with stainless steel appliances, custom wood cabinets, a sub-zero refrigerator and wine cooler.
Custom wood cabinet panels overlay the fridge. Other features include a Thermador range with 5 gas burners and a pot filler, granite countertops, a brand new GE top of the line stacked convection oven and advantium oven, a Miele warming drawer, a new Fisher Paykel double Dish Drawers, and automatic motion sensored faucets. Steps from the gulf, swim , paddle board, or collect shark teeth from "the shark tooth capital of the world" aka your backyard, or enjoy your own mini paradise, a screen enclosed patio with pool, spa and summer kitchen. The 3 car "drive through" Garage with a double driveway is perfect to store your boat, toys, or car collection. Every detail was thought of, two buried propane tanks power the summer kitchen, full house generator, and the range. Home is also complete with impact windows. Other mechanical details include 2 new (2017) Trane HVAC systems, ADT security system, and wiring for a full house surround sound system. Best of all, this home has great walkability not only to the beach but to Venice Ave. Dine, shop and enjoy all Venice Island has to offer.
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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 |
|---|---|---|---|
| Dec 31, 2020 | Sold | ||
| Sold | |||
| Oct 28, 2020 | Listed by United Realty Group, Inc | $1,699,999 | |
| Listed by United Realty Group, Inc | |||
| Sep 16, 2020 | No longer available | - | |
| No longer available | |||
| Jan 28, 2020 | Listed by United Realty Group, Inc | $1,800,000 | |
| Listed by United Realty Group, Inc | |||
| Feb 26, 2004 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017