744 MONACO DRIVE
About This Property
The remodeled primary suite is a true retreat, thoughtfully expanded to include a spacious sitting area overlooking the canal through sliding glass doors. The en-suite bath features a luxurious Jacuzzi soaking tub, a separate walk-in shower, dual sinks, a dedicated vanity area, and a large walk-in closet with custom built-in shelving.
The kitchen is both functional and inviting, showcasing granite countertops, warm wood cabinetry, and a raised breakfast bar that opens to the family room. Additional highlights include tile flooring, plantation shutters, sliding doors to the lanai, a charming coffee and bar nook with decorative glass cabinetry, and a casual dinette area.
A well-appointed laundry room offers generous counter space for folding, multiple closets, and overhead cabinetry for exceptional storage. The formal dining room features pocketing sliders that seamlessly connect indoor and outdoor living spaces.
Designed with a split-floor-plan layout for privacy, the guest accommodations include a spacious main guest bedroom with dual closets and luxury vinyl flooring. The additional guest bedroom-currently utilized as a home office-also offers dual closets, tile flooring, and easy access to the guest bath with a tub and shower combination.
Outdoor living takes center stage with a large screened lanai and pool area featuring a Diamond Brite finish, brick pavers, and ample space for seating and entertaining-all framed by stunning intersecting canal views. Electric Kevlar storm shutters provide added peace of mind.
The oversized side-entry garage includes attic access for additional storage and a convenient workbench area, ideal for hobbies or projects.
Recent updates include a new metal roof (2023), electric Kevlar shutters on the lanai (2023), plantation shutters (2023), a new hot water heater (2024), and HVAC system (2021).
Located within a vibrant, active waterfront community centered around Twin Isles Country Club-with optional membership-you'll enjoy access to golf, tennis, and a full calendar of social events. Boating and fishing are easily enjoyed from your private 7' x 15' concrete dock. Nearby attractions include Fishermen's Village, the newly developed Sunseeker Resort, major highways and airports, and just minutes to downtown Punta Gorda, where charming restaurants, boutique shopping, pickleball, biking, and waterfront activities await.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017