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837 BAY POINT DRIVE
About This Property
The lot's deep 125-foot footprint allows for a thoughtfully designed home with generous interior living space, expansive outdoor areas, and seamless indoor-outdoor flow.
Positioned on a tranquil canal with deep water, a newer dock and seaway with direct access to the Intracoastal Waterway and Gulf of Mexico, this waterfront setting is ideal for boating enthusiasts. Enjoy the convenience of keeping your vessel just steps from your back door while taking advantage of protected waters perfect for daily cruising, paddleboarding, or kayaking.
World-class beaches, vibrant waterfront dining, boutique shopping, and Johns Pass Village are all just minutes away. Despite its close connection to island amenities, the neighborhood maintains a peaceful residential feel, making it ideal for a primary residence or a luxury second home.
Bring your architect, builder, and imagination-837 Bay Point Drive is your opportunity to create a timeless waterfront estate in one of the area's most exclusive settings.
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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 Madeira Beach
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$10,000 /mo
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$6,500 /mo
- 2 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017