939 Seasage Drive
About This Property
" Located in Seagate Neighborhood
" Close to the beach and Atlantic Ave
" 0.33 acres with 118' frontage
" Custom designed by Randall Stofft Architects for current owner
" 4,638 air conditioned square feet / 5,916 total square feet
" 4 bedrooms / 4.2 baths
" Decorative circular drive with ample room for parking
" Open floor plan with high ceilings, natural light and views of the grounds
" Marble and wood flooring
" Foyer entry leads to formal living room with fireplace and access to pool and backyard
" Formal dining room with abundant natural light
" Kitchen with large island, snack bar seating, abundant cabinets, breakfast area and open to family room
" Family room provides access to covered loggia, pool and grounds
" First floor private office could be used as gym, game room or sitting room
" First floor master suite with access to the pool and grounds; expansive walk-in closet; master bath with dual vanities, whirlpool tub and custom glass shower
" Three additional en suite guest rooms on second floor
" Covered loggia for outdoor living and dining with hook-up for grill
" Pool with plenty of room for lounging and entertaining poolside
" Expansive grounds with fenced yard and green spaces
" Interior and exterior surround sound speakers; security system
" Two separate garages; south garage is two-car and north garage is one-car with access of front portico; attic storage in both garages
This Seagate offering is ideally located close to the ocean and downtown Delray Beach. With room for residents and guests alike, this is the perfect coastal home for year-round South Florida living or seasonal getaways.
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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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About Seagate
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017