803 SE 7th Avenue
About This Property
The ground floor features a two story all glass entry with contemporary floating staircase, expansive great room wrapped with PGT impact glass sliders and casement windows and 11' high ceilings, large covered overhang with cypress tongue and groove ceiling and trellis and expansive guest suite. The gourmet kitchen offers top-of-the-line integrated appliances from Sub-Zero and Bosch, custom floor to ceiling wood cabinetry, 13' long kitchen island with quartz countertops and waterfall edges and an oversized walk-in pantry with built-in shelving.
The second floor features an oversized mater bedroom suite with a 13' high cathedral ceiling, an enormous walk-in closet, massive covered balcony and luxurious bathroom with wet-room. There are also two additional spacious bedrooms with en suite bathrooms and walk-in closets, and an expansive bonus room/loft with a 13' high cathedral ceiling and sliding barn door for privacy.
Additional estate features include front entry motor court, side car garage with glass doors, tongue and groove wood ceilings, 7.5" wide plank white oak flooring in all living areas including bedrooms, LED lighting throughout with 4" recessed lights and square trim, Blu Bathworks and Duravit plumbing fixtures, Emtek door hardware with square hinges, 16 SEER air conditioning system with linear diffusers and plumbing for a generator. Outdoor features include salt water pool with separate sundeck with bubblers, LED lighting and Wi-Fi integration, natural gas Restoration Hardware fire table, summer kitchen with grill, sink and refrigerator and outdoor shower. The home also includes the latest smart home technology including Nest Wi-Fi thermostats, security system with 8 camera video monitoring, motion detection and Wi-Fi integration, wiring for in-ceiling speakers throughout, August Wi-Fi enabled locks, Ring Wi-Fi enabled video doorbell and Wi-Fi enabled garage door openers.
This contemporary masterpiece was designed by award winning architect Richard Jones, and built by Azure Development, a well-known luxury coastal homebuilder with a 30 history in South Florida. From start to finish, this waterfront estate is absolutely spectacular and is truly one of a kind.
(Exclusions to include all network, media and television components...to include TV's (including the one mounted outside), speakers, routers, modems, etc.) Security hardware, wiring, cameras will convey with the sale.
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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.
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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 Rio Del Rey Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017