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624 CUMBERLAND DRIVE
About This Property
Waterfront living at its best! This beautifully updated 3-bedroom, 2-bath block home is ideally situated on a private cul-de-sac along a saltwater canal with direct access to the Intracoastal Waterway and a personal dock offering beautiful water views. Boaters, anglers, kayakers and paddleboarders will love the convenience-hop in your boat and reach the Intracoastal in less than 200 yards.
Inside, the thoughtfully designed floor plan offers spacious living areas and a stunning oversized primary suite featuring a huge walk-in closet and a beautiful ensuite bath with a large walk-in shower and separate deep soaking tub. The home has been meticulously updated and maintained, providing a move-in-ready opportunity in a highly desirable waterfront setting.
The exterior is equally impressive, with block construction, a durable metal roof, oversized two-car garage and an extra-wide driveway providing abundant parking. Enjoy the Florida lifestyle from the covered rear patio with pergola overlooking the beautifully landscaped front and backyard. There is also plenty of room to add a pool if desired.
Located in an X flood zone, according to available property information, this home offers an exceptional combination of waterfront access, thoughtful updates, outdoor living and boating convenience. Whether you're looking for a full-time residence, coastal retreat or waterfront lifestyle, 624 Cumberland Drive offers the opportunity to enjoy Florida living right from your own dock.
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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%.
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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.
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About Flagler Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017