Welcome to Caymas and the exquisite Mayfield Grande III, a newly
constructed luxury residence nestled on a premium homesite with a
central lake view and a fountain in the background. This
exceptional property boasts five bedrooms, four and a half
bathrooms, and 3,702 square feet of living space (3,303 square feet
on the first floor and 669 square feet on the second floor),
encompassing a total area of 5,147 square feet. Strategically
positioned within the community, this residence enjoys a desirable
and premium location. The residence harmoniously blends
sophisticated elegance with West Indies-inspired design. Warm,
sun-kissed exterior tones beckon you indoors, where bright and airy
interiors create an immediate sense of refinement. Upon entry,
soaring vaulted ceilings make a striking impression while
simultaneously enhancing natural light and air circulation. The
open-concept floor plan is ideal for both daily living and
entertaining, accentuated by a spacious designer kitchen island and
premium finishes throughout. The primary suite stands as a true
crown jewel, offering a tranquil retreat with a spa-inspired bath
designed for utmost comfort and luxury. The second floor (669
square feet) provides exceptional flexibility, making it ideal as a
bonus room, guest suite, home office, or media space, adaptable to
your lifestyle requirements. Step outside to the expansive covered
veranda, where indoor-outdoor living reaches its zenith. Outdoor
features include a custom designer pool and spa, a fully equipped
summer kitchen, and a convenient pool bath. This outdoor living
space is perfectly suited for entertaining or simply savoring the
tranquility of a premium waterfront setting.
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%.
How much can I actually make?
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.
HOA/Condo/Coop Fee Includes: Pest Control, Sewer, IrrigationWater, RecreationFacilities, RoadMaintenance, StreetLights
HOA/Condo/Coop Amenities: Billiard Room, Dog Park, Fitness Center, Pool, Tennis Court(s), Management, BocceCourt, Billiards, Pickleball, Restaurant, Sidewalks
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