704 PINECREST ISLE Court
About This Property
Upon entering the home, you will be greeted by the abundance of natural light and multiple views of the water making this beautiful, Fine architectural detail in the formal living room including the coffered ceiling, crown molding, gas fireplace with built-in glass shelves, and triple sliding glass doors debuts elegance and grace throughout the home. Waterford Crystal Chandeliers from Ireland are prominent features that add to the lifestyle of luxury living. The gourmet inspired kitchen is spacious with quartz countertops, an oversized center island with custom bookshelf and cooking range with downdraft vent. walled oven and microwave, built-in refrigerator, custom cabinetry, and large walk-in pantry . Every detail including the crown molding, stepped ceiling with ambient lighting, recessed lighting, under cabinet lighting and hanging chandelier radiates light and luxury combined. The owner's suite captures the casual sophistication of a resort style suite, but with all the comfort and views of home. Enjoy the sunrise with a morning cup of coffee or tea as you step out onto the covered lanai through the glass sliding door. The spacious owner's bath has two separate vanities, jet soaking tub, separate shower with two shower heads, custom shelves, vanity under cabinet lighting, chandelier, and a large walk-in closet. The morning, living and billiard rooms are spacious and defined by walls of glass and perfect views. The thoughtfully designed floor plan is ideal for hosting holiday parties and entertaining guests. The open living room and billiard room have two triple glass sliders, creating the perfect indoor-outdoor living space, enhanced by the waterfall sound feature from the pool. A dedicated office with custom built-in shelves and a wall of windows gives you the serene and peaceful atmosphere needed while working from home. In addition, the amazing water views continue throughout including the two guest bedrooms and baths. The laundry room has a countertop for folding, sink with cabinet, and a separate closet for extra storage. Additional features include the oversized three-car garage has extra storage space, separate closet for the air handlers, water softener, and can for the central vacuum system. This home has many more custom features that can be found in the documents. The Pinecrest Isle Estate is tucked away while also providing easy access to local shops, restaurants, and A-rated St Johns County schools. Living in Royal Pines at the World Golf Village provides access to all amenities inside the King & Bear gated community. Some amenities include the Swim & Tennis Center, PIckleBall Courts, Fitness center, soccer and baseball fields, and miles of walking, jogging, and biking trails. Golf membership is not included but can be purchased separately.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 25, 2023 | Sold | ||
| Sold | |||
| Nov 30, 2022 | Listed by UNITED REAL ESTATE GALLERY | $789,000 | |
| Listed by UNITED REAL ESTATE GALLERY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017