807 Bailey Street
About This Property
" 95 feet of waterfrontage with ocean access via nearby inlet
" Designed by George Brewer of Brewer Architecture
" Custom built by Vintage Building and Design
" 4 bedrooms / 3 full and 1 half baths
" 3,902 square feet under air / 5,443 total square feet
" Open floor plan with sensational views
" Floor-to-ceiling sliders with access to covered loggia, grounds, pool and balconies
" Living room with water views and access to balcony
" Dining area just off kitchen and living room
" Expansive underlit bar with wine storage
" Gourmet kitchen with top-of-the-line appliances, cook island and walk-in pantry
" Primary wing with private balcony and incredible bath with dual sinks, separate shower, tub and outdoor shower
" Three additional guest rooms
" First floor club room
" Lap pool with waterfall feature; heater and chiller; integrated LED lights; variable speed pool pump; and app based control system
" Covered loggia with summer kitchen and television
" 55' dock with synthetic lumber decking for low maintenance; 13K pound Neptune sealed drive boat lift; 100 amp power from house to dock; floating dock with rack and cover for paddle boards or kayaks; dock can be expanded by removing boat lift
" Air conditioned storage room for fishing/boat equipment
" 2 car garage with app based garage door system
" Electric lift from garage to kitchen for groceries, luggage, etc.
" Custom closets installed in all bedrooms
" All indirect lighting is LED
" Comprehensive integrated Control4 System (can be expanded or customized)
" Control audio, video, lighting and HVAC in main rooms via remotes or mobile devices
" 2 zone and 2 stage AC units
" 2 climate controlled storage rooms
" Whole house water filtration system
" Impact glass windows and doors
" Whole house 22KW generator with automatic changeover
" Motorized roll down screens for main balcony and primary bedroom balcony
" Hurricane curtains for upper balconies for added protection
" Emergency leak detection system shuts off main water supply if leak is detected on 2nd floor
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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.
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About Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017