8574 SE Seagrape Way SE
About This Property
Cozy, private, curb appeal. This charming Spanish style, CBS home offers, a beautiful barrel tile roof, copious parking on the circular cobblestone driveway & is located on a cul-de-sac where you will immediately feel at home. With additional living space in the screened lanai, this 3 bedroom, 2 bath, 2 car garage home features the ambiance of a cottage & a great living space you and your guest will enjoy. Best of all, it comes with a space for your boat in the gated, well lit storage area with camera security – walking distance from the marina, boat ramp, tennis/pickleball courts, clubhouse & pool!
Recent updates include a brand new impact rated garage door, new air conditioner 2020', new electric panel & refrigerator 2016', & new flat roof 2014', circular paver driveway, landscaping.
With incredibly low HOA fees, The Soundings Yacht and Tennis Club located directly on the ICW across from Jupiter Island provides a private community boat ramp, overnight/day dock which can be reserved up to 3 days, and a club house and pool. Great for the fulltime resident or vacation home and boating enthusiast! Store your boat, trailer or RV steps away from your new home. Take advantage of everything this Marina Community has to offer. Paddleboard, kayak or canoe in search of the abundant wild life along the ICW or boat to either the Jupiter or Stuart inlets for a day of deep sea fishing or diving the many reefs. There are waterfront restaurants and bars convenient by boat.
This very pet friendly community is perfect for walking dogs (no size limit) and has its own dog park! The club house offers a perfect setting for private events or the special occasion and your guests will love the temperature controlled pool.
Tucked into the east coast of south Florida, this prestigious waterfront community boasts one of the best beaches in Florida. Gorgeous soft, white sand and blue waters of the Atlantic make Hobe Sound Beach a true beauty of nature. Easy shopping and great dining are close by. Jonathan Dickinson State Park is 5 minutes south and it boasts walking trails, camping, an RV park, an observation tower, picnicking, kayak tours and rentals. For the golf lover, multiple public and private golf courses are located in and around Hobe Sound. Outdoor activities and the beautiful waterfront make Hobe Sound the perfect place to live for the outdoor enthusiast. Palm Beach International Airport is a 40 minute drive from Hobe Sound. Fort Lauderdale International Airport is a 90 minute drive. Plays, concerts, and cultural activities are an easy drive to Tequesta, Jupiter, Stuart & Vero.
For the equine enthusiast, there are numerous boarding facilities close to Hobe Sound with direct easy access. From children to adult riding lessons, to full board for your own horses, there is an abundance of riding trails in four state parks all within proximity to Hobe Sound. Hobe Sound Polo Club is located on Bridge Road just off I-95 and season is now in full swing.
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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%.
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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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About Hobe Sound
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017