Wanderlist June 30, 2023

Luxury Beach Home, Luxury Returns

Author

Ryan Anstett
June 30, 2023

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Largo, FL

Listed by Stephen Kepler | Engel & Volkers Belleair

Rare! Estate property with two expansive acres on the intracoastal waterway! This 4 bedroom, 4.5 bath pool home is situated along the waterfront. Once you drive up the tree-lined, private road to this property you are greeted with a beautiful fountain and koi pond. The first floor features a kitchen with wood cabinetry with custom glass inserts, stone countertops and stainless steel appliances. The kitchen features an island and a cozy breakfast nook The living room features a vaulted wooden ceiling with access to a covered porch that overlooks this gorgeous property. This level also includes a dining room, formal living area and 3 more bedrooms each with en-suite baths. The second floor boasts a large primary bedroom with a generous bath and separate tub and shower. This level has a private balcony overlooking the pool and the beautiful westerly views. The composite dock includes power and water with a lift and a wet slip. Bring your boats, paddle boards, jet skis, kayaks and fishing rods! The 3 car garage includes an air conditioned workroom. Golf cart to the beach and fine dining including waterfront restaurants! This unique property has R-R Zoning, therefore, horses and other farm animals are permitted. There are so many possibilities here--must see to appreciate all the offerings of this estate!

Property Details

  • $2,599,000

  • 4 Bedrooms/4 Baths

  • Average Daily Rate: $1,500

  • Occupancy Rate: 71%

Projections

  • Down Payment: $519,800

  • Cash to Close: $602,530

  • Monthly Income: $32,394

  • Monthly Expenses: $24,406

  • Monthly expected cash flow: $7,987

  • Expected cash on cash return: 15.91%

  • Property Value in 10 Years $3,773,808

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