77 Salt Box Lane
About This Property
A gracious front porch with rich Ipe decking invites you into this designer-curated residence, where timeless Nantucket-inspired architecture meets elevated coastal living. Built in 2017 and maintained in like-new condition, the home sits on a generous lot with a porte-cochere, garage, and ample parking. Thoughtful landscaping surrounds the property, leading to a peaceful backyard oasis complete with lush greenery and a tranquil water feature. The main level features a spacious primary suite and open-concept living area that seamlessly blends indoor and outdoor living with bi-fold doors opening to an expansive screened entertainment porch featuring a built-in gas grill, dining and lounge areas
Perfect for the discerning host, the chef's kitchen is outfitted with premium appliances including a 6-burner gas range, steam and convection ovens, Sub-Zero refrigerator, wine fridge, and ice maker. A separate spacious butler's pantry keeps the main space pristine and functional. A bespoke wine room adds a refined touch for wine enthusiasts.
Light pours into the dining area through three walls of windows, and a cozy gas fireplace with coastal detailing enhances the inviting living space. With three screened porches, there's always a peaceful spot to enjoy the Gulf breeze.
Upstairs, guests will appreciate two spacious bedrooms, a lounge area with wet bar, and a sense of privacy and comfort. Additional highlights include a large laundry room, abundant storage, and thoughtfully designed spaces throughout for full-time living or luxurious beach getaways. With an eye to the future, the home features a generator, elevator shaft and plans for a private pool.
This home conveys with a golf cart for effortless access to multiple beach boardwalks. Residents enjoy multiple community pools, a beach cafe, fitness center, playgrounds and puttering park.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017