8817 SE Compass Island Way
About This Property
Inside, the spacious great room features soaring 22' crowned ceilings and tranquil views of the Loxahatchee River. Saturnia marble floors flow throughout the first-floor living areas, with hardwood flooring in the den/office. A large, separate formal dining room showcases double coffered ceilings and elegant columns. The gourmet kitchen is ideal for entertaining, featuring granite countertops, tumbled marble backsplash, 42" raised-panel cabinets, double ovens, crown molding, and updated appliances, including a 2024 refrigerator with a 5-year warranty and a 2024 dishwasher with a 3-year warranty. Oversized sliding pocket doors open seamlessly to the pool and outdoor living area.
The primary suite is located on the first floor, offering a luxurious bath with Crema Marfil marble floors, dual showers, granite vanities, a walk-in closet, a Roman tub, and classic column details.
A wide southern-style oak staircase leads upstairs to a hardwood catwalk and circular "captain's perch" interior balcony, highlighted by over 65 feet of oak railings and spindles. The second level features 4 bedrooms plus a large game room/flex space (which may serve as a 7th bedroom or maid in law). One bedroom is uniquely octagon-shaped and connects to an antique-style bathroom with a clawfoot tub and European "growler" water closet. This entire wing, bedroom, bath, and game room can function as a separate living area for guests or relatives.
Enjoy beautiful sunrises from the 42' second-floor balcony overlooking the river and pool area. Outdoor highlights include a heated pool and spa, a dock with a boat lift, a metal-fenced backyard, Cat 5 shutters, retractable blinds, replaced garage doors, and an oversized paver driveway with a 3-car attached garage and extra parking space.
Additional features include a 3-zone A/C system, a built-in high-fidelity sound system on the first floor, and a 2022 washer with a 5-year warranty. Ideally located just 15 minutes from the inlet, this home offers the perfect blend of luxury, privacy, and waterfront living.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017