617 Key Royale DRIVE
About This Property
Set on an oversized 14,720 sq ft lot with 90 feet of direct intercoastal waterfront, this home is a boater's paradise, complete with an 11,000 lb boat lift and direct intercoastal access. The breathtaking views of the Sunshine Skyway and the sunrise are a daily delight. Outdoors, the property offers a private retreat with a pool, heated gas spa, gas fire pit, and a dedicated gas line for an outdoor grill, perfect for enjoying Florida's year-round sunshine.
Safety and comfort are top priorities, with newer roof and air conditioning system, along with impact-resistant windows and doors. The home is being sold furnished, making it move-in ready for the next owner. Additionally, the Key Royale neighborhood offers a private 9-hole executive golf club with options for social or golf memberships, and an exclusive clubhouse and restaurant available only to members. A short golf cart ride brings you to the beautiful white sand Gulf beaches, adding to the appeal of this stunning location.
This residence has been a cherished second home for the current owners, serving as a special gathering place for family and friends, where countless cherished memories have been made. From holiday celebrations to summer retreats, this home has provided a warm and welcoming backdrop for life's most important moments.
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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