Overview
- Updated On:
- September 17, 2024
- 4 Bedrooms
- 7 Bathrooms
- 3.00 m2
Description
Embrace the allure of a stunning residence with jaw dropping investment potential in San Carlos, offering an unparalleled vista of the Tetakawi mountains, the San Carlos Marina yacht harbor, and the serene Sea of Cortez. This striking three-story property redefines luxury living and investment opportunity.
Spanning over 4,500 square feet, the home is ingeniously divided into three distinct and private living spaces. The main house features an open-concept floor plan with 5 spacious bedrooms, 4 elegant bathrooms, and a convenient 2-car garage complete with a portable sauna.
Descending to the lower level, a refined terrace awaits, boasting a heated plunge pool and an additional portable sauna. Here, you’ll discover a fully-furnished 1-bedroom, 1-bathroom apartment with a full kitchen and a private entrance, perfect for guests or generating substantial rental income.
Ascending to the upper level, you’ll find another fully-furnished 1-bedroom, 1-bathroom apartment with a full kitchen and a private entrance. This level also features a rooftop patio with a jacuzzi and an extra outdoor bathroom. Both rental properties are thoughtfully isolated from the main residence, ensuring the owner’s privacy.
The exceptional rental income generated by these rental properties currently surpasses $50,000 USD annually, presenting a unique opportunity for both homeowners and investors alike. This is not just a home; it’s an investment strategy that offers a once-in-a-lifetime chance to own a piece of San Carlos history while enjoying significant financial returns.
House specs and improvements:
- 3,996 square feet lot
- 6,506.04 square feet total construction size
- 4,585.85 square feet living space
- 367.50 square feet 2 car garage
- Turnkey AirBnB rental business ready to hand over to new owner, producing a greater than 5% cap rate
- All new electrical systems and wiring
- All new plumbing systems and piping
- Hurricane shutters on all windows
- 18 solar panels
- Double insulated heavy duty garage door
- 16 foot ceilings in open concept living space
- 9 step water filtration system
- Ring security system with Horizon alarm including satellite backup
- Jacuzzi on roof top with views of ocean
- Splash pool on lower level with 4 bar stools overlooking ocean
- 2 portable saunas
- 3 separate and private living spaces with kitchen, bathroom(s), bedroom(s) and closet(s)
- All new heating and cooling energy efficient minisplits
- Outdoor drain system for water runoff
- Outdoor wifi extenders for turnkey wifi coverage throughout home and grounds
- Steel I-Beam inlay construction
- Irrigation system for watering plants
- Modulator and surge protector for electrical systems
- Propane powered backup generator
Annual cost of living index:
- Property taxes approximately $13,450 pesos or approximately $750 USD
- Title fees approximately $15,200 pesos or approximately $850 USD
- Electric with constant high consumption approximately $5,900 pesos or approximately $165 USD
- Water approximately $4,800 pesos or approximately $265 USD
- Internet approximately $900 pesos or approximately $50 USD
- Propane approximately $9,000 pesos or approximately $400 USD
- Principal and Interest
- Property Tax
- HOO fees
