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8943 Hawthorne Ave
About This Property
With approved plans, this exceptional new construction project is designed to feature 7 BR's & 5.5 BA's, combining contemporary architecture w/ spacious, thoughtfully designed living areas.
The ground level offers 3 BR's, expansive living & dining areas. The spacious kosher chef's kitchen is designed w/ a 72-inch fridge/freezer, an island, and a breakfast area overlooking the backyard & pool. The private outdoor retreat features a large covered patio w/ a pergola, a BBQ area & a spacious pool, perfect for both entertaining & everyday relaxation.
The 2nd flr features 4 BR's, a comfortable lounge area, laundry rm & 4 terraces. The luxurious primary suite includes an expansive walk-in closet & a windowed spa-inspired BR w/ a soaking tub, separate shower & double-sink vanity.
Ideally situated in one of Surfside's most desirable blks, this property is w/in a striking distance to the tot lot, tennis & basketball courts, Surfside Community Center & pools, and the beach w/ complimentary beach services for Surfside residents. Just moments from local dining, Bal Harbour Shops & houses of worship, this is an outstanding opportunity to create a custom luxury residence in one of Miami's most sought-after coastal communities.
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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 Surfside
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017