Rare single-story Bay Harbour home with no interior steps,
remodeled and upgraded throughout. Ideally positioned, the property
backs to Jack Nichol Park and Alamitos Bay, with no homes directly
behind-creating an unusually open and private setting. The interior
features stone flooring in the main living areas, newer bedroom
carpet, fresh paint and new recessed LED lighting. The formal
living room has a vaulted wood ceiling and fireplace. The family
room opens to the gourmet kitchen, which features custom cabinetry,
granite countertops, vaulted ceiling with skylight, built-in
Thermador refrigerator and extensive counter space. Dining options
include a formal dining room, kitchen bar and casual dining area.
French doors from the living room, family room and primary suite
open to a spacious rear patio designed for entertaining, with a
built-in gas fireplace, BBQ, refrigerator, island and fountain. The
primary suite includes a fireplace, two wardrobe closets and a
walk-in closet. The primary bath features dual opposing vanities, a
walk-in shower and freestanding soaking tub. The second ensuite
bedroom has a remodeled bath, while the third bedroom/office
includes a Murphy bed. Additional features include central A/C,
tankless water heater, 2024 roof with copper rain gutters, and a
three-car garage with built-in storage cabinets and pull-down
stairs to a large stand-up attic. Bay Harbour is a gate-guarded
waterfront community with underground utilities, two pools and
spas, landscaped walking trails, and three tennis courts. Of
approximately 200 homes in the community, only 10 are single-story.
6261 Majorca is a rare combination of single-level living, privacy,
quality upgrades and an exceptional Bay Harbour location.
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.
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