6948 SE Pacific Drive
About This Property
The kitchen features granite countertops, abundant storage space, stainless steel appliances, and an eat-in breakfast area. There is also a spacious formal dining room with a wet bar. The spacious master suite offers lovely golf and water views, two closets, and a walk-in closet. The master bathroom features dual sinks and a vanity with granite countertops, a soaking jacuzzi tub, and a separate shower. The second bedroom has a walk-in closet and en-suite bath. On the opposite side of the home is a powder room and third bedroom, which is currently utilized as an office. There is a spacious laundry room and a 2.5-car garage- with plenty of space for your golf cart. The finished Florida room is the perfect place to enjoy the serenity of the peaceful lake views, and 8th hole, and the start of the 9th hole action. Outside is a beautiful extended pergola and a spacious paver lanai patio- the perfect place to entertain and enjoy the most spectacular South Florida sunsets. This beautiful home is conveniently situated directly across the street from the Cypress Point heated community pool.
The prestigious community of Mariner Sands offers numerous amenities and activities, which include:
Two distinct 18-hole championship golf courses.
Nine professionally lighted and self-watering, HydroCourt" clay courts for men's and women's tennis.
Two new regulation pickleball courts along with a spectators' pavilion. Year-round croquet with multiple open play sessions every week.
Two 90-foot bocce ball courts and a spectators' pavilion.
State-of-the-art spa and fitness center.
Resort-style pool.
Three on-site restaurants and more! Enjoy South Florida living at its finest in Mariner Sands. Close to downtown Stuart, local theaters, top-notch dining and shopping, and a short drive to pristine area beaches. The highways and area airports are also a short drive. There is a mandatory $30,000 membership in the Mariner Sands community.
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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 Martin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017