Incredible opportunity to have a home that backs up to the Gulf and
embodies the ambiance of a private spa resort set in a secure,
island sanctuary that elevates nature to a starring role. This 2001
custom build by Alf Eastwood features an inverted floor plan with
all main living areas on the top floor showcasing the incredible
views of the mature, lush landscaping and the abundant privacy the
lot affords. This light and bright, three-story contemporary home
features four bedrooms, four baths, elevator, wet bar and an
abundance of outdoor living spaces ideal for relaxing, entertaining
and taking in the amazing views from all levels. What makes this
property special is the rooftop (fourth floor) sundeck terrace that
showcases panoramic, 360-degree views of the Marco Island skyline,
beach, Gulf, preserve and colorful sunrises and sunsets. On the
ground level, you will find the open-lanai with tropical pool and
spa- you feel as if you are at a luxury resort just for you. In the
prestigious gated beachfront community of Hideaway Beach. From
home, you are right near the beach access, kayak storage and not
far from the resort community amenities offered, including over two
miles of beach, dining, beach club, health center, community
pool/spa, nine-hole golf course, tennis/pickleball and more.
Improvements include new landscape lighting (2025), pool and spa
resurfaced, new pool heater, pump and controls (2024). Kitchen with
quartz counters and appliances. Third-floor bath with updated
shower, toilet, sink and mirror (2024). Main bath shower (2023),
HVAC new Lennox 5-ton air conditioner condenser/handler (2020), new
Lennox, 4-ton air conditioner condenser/handler (2021).
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.
Incredible opportunity to have a home that backs up to the Gulf and embodies the ambiance of a private spa resort set in a secure, island sanctuary that elevates nature to a starring role. This 2001, custom build by Alf Eastwood features an inverted floor plan with all main living areas on the top floor showcasing the incredible views of the mature, lush landscaping and the abundant privacy the lot affords. This light and bright, three-story contemporary home features four bedrooms, four baths, elevator, wet bar and an abundance of outdoor living spaces ideal for relaxing, entertaining and to take in the amazing views from all levels. What makes this property so special is the rooftop fourth-floor sundeck terrace that showcases panoramic, 360-degree views of the Marco Island skyline, beach, gulf, preserve and colorful sunrises and sunsets. On the ground level, you will find the open lanai with tropical pool and spa, you feel as if you are at a luxury resort just for you. In the prestigious gated beachfront community of Hideaway Beach. From home, you are right near the beach access, kayak storage and not far from the resort community amenities offered such as over two miles of beach, dining, beach club, health center, community pool/spa, nine-hole golf course, tennis/pickleball and more. Improvements included new landscape lighting (2025), pool and spa resurfaced, new pool heater, pump and controls (2024). Kitchen- quartz counters and appliances. Third-floor bath with updated shower, toilet, sink and mirror (2024). Primary bath shower (2023), HVAC new Lennox five-ton air conditioner condenser/handler (2020), new Lennox, four-ton air conditioner condenser/handler (2021).
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