9806 Old Hyde Park PLACE
About This Property
Adjacent to the kitchen, a cozy dinette overlooks the serene water views, creating an idyllic setting for morning coffee. For formal gatherings, a separate dining room provides an elegant space for entertaining guests. The open floor plan boasts high ceilings, plantation shutters, crown molding, and ceiling fans throughout, exuding an atmosphere of sophistication. A versatile den/study with French doors offers flexibility as an additional bedroom or workspace, while a 3-car garage ensures ample parking and storage.
LED lighting fixtures illuminate the kitchen, dining area, great room, and foyer, enhancing the ambiance. The primary bedroom retreat showcases a sitting area with panoramic water vistas, zero entry glass enclosure, accent lighting, and a lavishly renovated ensuite bathroom with dual sink vanity, spacious tiled shower, tiled shower,and water closet. The guest suite features an ensuite bathroom, also accessible as a pool bath, with a tiled stand-up shower and French doors opening to the pool and pond/preserve views. An additional oversized bedroom and bathroom offer comfort and convenience for family or visitors.
The laundry room boasts ample cabinetry, a sink, quartz counters, and a built-in ironing board, making chores a breeze. A large storage room provides extra space or a cozy hideaway for pets. Outside, a new water heater, pool, and equipment (2021), along with a 7-year-old A/C unit, ensure modern comfort and efficiency. Freshly painted interiors (2022), a 5550-watt (gas) generator with exterior outlet, new gutters, outside accent lighting, and a whole-house surge protector further enhance the home's appeal.
Located in the highly sought-after River Club community, this residence offers access to world-class shopping, dining, and entertainment options at The Mall at University Town Center and Lakewood Ranch Main Street. Golf enthusiasts will appreciate the optional membership to the River Club's prestigious golf course, while proximity to top-rated schools, downtown Sarasota, and the pristine beaches of Siesta Key adds to the allure. With low HOA fees and no CDDs, this property presents a rare opportunity to enjoy an upscale lifestyle without compromise.
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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%.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017