8944 Scallop WAY
About This Property
Key Features:
• No Carpet: In 2022-23, the original carpet in both bedrooms and office was replaced with high-quality, water-resistant laminate, ensuring durability and easy care.
• Spacious Design: 9'-10' ceilings and an open floor plan create an airy, expansive feel, with triple sliders opening to a spacious lanai that offers beautiful views of the preserve.
• Elegant Interiors: White kitchen cabinetry, double-crown molding, custom solid wood library shelving, coastal light fixtures, plantation shutters, and soft driftwood beige tones provide a blend of elegance and comfort throughout.
• Master Suite: The bright, spacious master bedroom features a double-tray ceiling, his-and-hers walk-in closets, an ensuite bath with soaking tub, large step-in shower, and split sinks.
• Home Office/Flex Space: A charming home office with French doors and custom cabinetry can double as a third bedroom.
• Guest Bedroom: The guest room features a large closet and adjoining full bath, perfect for guests to enjoy privacy and a peaceful view.
Recent Upgrades (2022-2024):
• High-quality water-resistant laminate flooring throughout key living spaces
• Impact-resistant windows and doors, and accordion shutters for non-impact slider.
• Seamless gutters and metal roof with ridge vent baffles for superior storm resistance
• Custom landscape design with low-maintenance greenery approved by the ARB
• New central vacuum system with garage outlet
• Electrical panel hardwired for generator (included), freshly painted garage, and paver driveway
Outdoor Living: custom landscape design includes sweet viburnum, Japanese blueberry trees, buttonwoods, flowering jasmine, and Christmas palms, all providing year-round greenery and privacy. The property has ample room for a pool with convenient side yard access.
Community Amenities: Coral Caye offers a designer clubhouse with gorgeous stonework and interior finish work, screened outdoor seating areas facing the preserve, a stunning pool, two impeccably maintained pickleball courts, and a well-equipped fitness room. The HOA covers professional landscaping, exterior pest control, security, and access to all amenities, ensuring a hassle-free lifestyle.
Located in the charming coastal town of Placida and only 10 minutes from uncrowded beaches, world-class fishing, and upscale dining on Gasparilla Island, the property offers a perfect blend of luxury, comfort, and convenience. Come experience our relaxed Florida lifestyle in this exceptional Coral Caye home! Bedroom 2 is being utilized as a home office and does not have a closet, although tax records indicate it is a bedroom.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017