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880 LEMON BAY DRIVE
About This Property
The heart of this home is the beautiful "BAHAMA ROOM" on the back of the property, designed to make you feel like you are always on a tropical vacation. Featuring PANORAMIC VIEWS OF THE WATER, this space includes a SEPARATE SITTING AREA that is the perfect spot to enjoy a quiet breakfast or watch the vibrant Florida sunsets. The interior flows seamlessly from the GAME ROOM/FAMILY ROOM in the front to the expansive central living areas, including a PRIVATE SUITE located on the opposite side of the home for ultimate guest privacy. Step through to your outdoor sanctuary to enjoy the SALTWATER HEATED POOL (2020), perfect for year-round relaxation.
The exterior is a true showstopper, featuring WELL MANICURED AND LANDSCAPED GROUNDS and a 3-CAR DETACHED GARAGE with a RESURFACED DRIVEWAY (2025). Significant mechanical updates provide total peace of mind, including a NEWLY RECONDITIONED METAL ROOF, an HVAC SYSTEM (2020), and a brand-new REVERSE OSMOSIS SYSTEM (2024). The NEW IRRIGATION SYSTEM keeps the lawn pristine, while the SEPTIC SYSTEM was recently SERVICED (2024).
Outdoor living continues on the expansive BACK DECK featuring a RETRACTABLE AWNING for ultimate comfort. From here, follow the path to your private DOCK, complete with ELECTRIC and a dedicated FISH STATION. Navigate the peaceful canal/creek-with a WATER DEPTH OF 2'-5' depending on tides-for a short, scenic boat ride out to the BAY AND GULF. From the sprawling lot to the premier boating amenities, 880 LEMON BAY DRIVE is the waterfront retreat you've been waiting for and with the option to join the South Venice Civic Association and Membership for the South Venice Beach Ferry at minimal costs, this location gives you access to the best of the Floida Gulf Coast! Schedule your private tour today!
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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