8430 Midnight Pass ROAD
About This Property
Upon entering, you're welcomed by an expansive pool area-a serene oasis perfect for soaking up the Florida sun or entertaining guests amidst tropical foliage. The outdoor allure extends to a private dock, providing direct access to the tranquil waters of Heron Lagoon. Inside, the home unfolds with grace, showcasing Seibert's signature attention to detail and innovative spatial planning.
The first floor effortlessly hosts three bedrooms and 2 1/2 bathrooms, each thoughtfully appointed for comfort and functionality. Airy living spaces invite natural light and gentle breezes throughout, creating a seamless flow. Ascending to the second floor, the primary bedroom occupies the entire level-a sanctuary of serenity. A screened-in balcony offers a retreat amidst rustling palms and balmy air, complemented by a spacious master bathroom and walk-in closets for modern living needs.
Embraced by the tropical ambiance of Siesta Key, this home awaits your personal touch and creative vision. While a remodel may be needed to restore its former glory, the potential is undeniable-a rare opportunity to reimagine a Seibert-inspired dwelling tailored to your lifestyle.
Tim Seibert's architectural style, defined by clean lines and open layouts, harmonizes perfectly with the lush surroundings of Siesta Key and Heron Lagoon. With its courtyard entry, sun-catching wall, and emphasis on indoor-outdoor living, this home embodies Seibert's ethos of blending modern design with natural beauty, inviting you to experience the essence of Florida living at its finest.
For a virtual tour and property video, please visit [this link](https://nextlevelmediasrq.hd.pics/8430-Midnight-Pass-Rd).
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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.
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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017