80 Terra Cotta Way
About This Property
Perched high on a bluff, the home welcomes you with tropical landscaping, a charming covered front porch, and a brick paver driveway. Step inside to find designer paint, crisp white trim, an open concept layout, and tile flooring throughout the main living areas-creating an airy, coastal-inspired... coastal-inspired ambiance.
Gourmet Kitchen & Open Living
The kitchen is a chef's delight, featuring endless granite countertops w/ breakfast bar, stainless steel appliances (including a gas range), and a spacious walk-in pantry. The seamless flow from kitchen to dining and living areas makes this home ideal for entertaining or as a high-performing vacation rental.
Private Suites & Relaxation Spaces-
The main level offers a guest bedroom and full bath, plus a laundry room with a full-size washer and dryer. Upstairs, you'll find another guest bedroom and bath, along with the expansive master suite featuring a spa-like bath and a covered private balcony-perfect for unwinding year-round with a morning coffee, a glass of wine, or a good book.
Resort-Style Outdoor Living
Step outside to your sparkling private pool with cool deck surround, a privacy-fenced backyard, a side patio, and a multi-zoned sprinkler system. Whether you're swimming, sunbathing, or hosting friends, this is your personal paradise.
Community & Location highlights!
Terra Cotta Terrace is a luxury development offering a new restaurant, clubhouse, large pool, tennis courts, and a sand volleyball court. With private gated beach access just across Scenic Hwy 98, you're also moments from beachfront dining, boutique shopping, championship golf, and world-class fishing. Destin Commons and Silver Sands Premium Outlets are just minutes away.
Key features include a private pool with deeded and gated beach access, a fully furnished interior with only a few staging exceptions, an open floor plan with tile throughout the main level, and an expansive master suite with a covered balcony. Perfectly situated in the highly sought-after Crystal Beach community, this home offers both luxury and location. More than just a residence, it's a destination - one that keeps families returning to Terra Cotta Terrace year after year.
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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