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$2,850,000
Street Number: 3
Street Name: SEA SPRAY LANE
Area: Eastern Road
Island: New Providence/Paradise Island
Listed Price: $2,850,000
Currency: USD
Property Type: Single Family Home
Sale or Rent: For Sale Only
Construction: Concrete Block
Total Finished Floor Area: 4859
Style: Patio Home
Total Floor SQ FT: 4859
Water: City
Lot: 3
Lot Size: 34848
Amenities: Garden Area, Swimming Pool, Dock, Fully Walled, Stand-by Generator, Guest House, Hurricane Windows
Legal Description: #3 Sea spray lane. Malcomn Creek
Air Conditioning: Central
Flooring: Other
Roof: Asphalt Shingle
Exterior Finish: Finished Concrete
Description: This rare shore-to-shore family estate offers the discerning investor the best of both worlds. Escape either to your own private family compound, or profit from significant rental returns. Based on previous rentals, annualized rental income could realistically exceed $150k per annum for 50% occupancy as well as another $20k in dockage fees. Creek House lies hidden on a unique peninsula within a secure gated community of only 5 exclusive homes. With a private beach and waterfront on one side and 115 feet of deeded dockage on a calm and private canal on the other, the home is enhanced by wrap around terraces on three sides. The main house has 4 bedrooms, has been designed to take full advantage of its ocean setting and provides for excellent entertainment space to enjoy and fully appreciate the best of island living. The sizeable lot with mature mango and avocado trees also has a self-contained guest cottage and a large detached garage & workshop giving potential for further expansion of both ocean or marina side accommodation.
MLS Number: 41557
Date Listed: 2020-07-30
Status: Active
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