For sale · MLS® 1283794
51 Windy Cove Lane
Conception Bay South, NL, A1W3G6
List price
$4,999,000
About this propertyMLS® 1283794
THE VENDOR HAS REDUCED THE ASKING PRICE AND IS INTERESTED IN RECEIVING OFFERS. This oceanfront estate of exclusive distinction is situated on 13 acres of private wooded grounds on a peninsula in the prestigious Manuels, Long Pond yacht basin. An electronic gate at the entrance ensures your privacy as you enter a beautiful park-like oasis, full of ornamental and native trees, shrubs and flowers, recently upgraded walking trails, two freshwater ponds with bridges and a soothing waterfall. This unique property is bounded by 2000 feet of shoreline adjacent to the Royal Newfoundland Yacht Club, offering west-facing views of spectacular ocean sunsets over Conception Bay and providing the opportunity for premier access to these desirable boating waters. The 13,000 square foot luxurious family residence is built to premium construction standards with brick, cedar shakes and Bell Island stone. The custom-designed home features 5 bedrooms, 9 baths, 6 fireplaces, and a 3-car garage. The home’s foyer, living room and dining room inspire a feeling of warmth and grandeur with superb custom woodwork, 10-foot ceilings and in-floor heating - perfect for entertaining. The principal suite offers a stunning ocean view of Conception Bay and includes an ensuite area with custom tubs, two fireplaces, a walk-in closet and a private balcony overlooking the gardens. Two other bedrooms also have private ensuites. Other amenities include a butler’s pantry, a gym and sauna, a movie theatre, a refrigerated root cellar and an in-ground irrigation system. The property is powered by 800 amp service and has two geothermal heat pump systems, six mini-splits and a generator for power backup. 51 Windy Cove Lane is conveniently located five minutes from the Manuels River Interpretation Centre and scenic walking/biking trails, a quick 25 minute drive from downtown St. John’s and St. John’s International Airport. Your life of tranquil luxury awaits. (id:56688)
Property details
Coordinates: [47.524201, -52.959816]
Rooms
| Second level | Laundry room Ensuite Bedroom Bedroom Bedroom | 45x 19 null 45 x 45 null 52 x 39 null 49 x 45 null 63x 52 null |
| Main level | Den Bath (# pieces 1-6) Other Living room Dining room Kitchen Family room Foyer | 52 x 26 null 30x 16 null 52m x 41 null 58 x 52 null 52 x 42 null 57x 52 null 52.5 x 39 null 45.9 x 22 null |
Basic Calculator
First Mortgage: $3,999,200
Mortgage insurance premium: $0
Total Financing: $3,999,200
Rough closing fee (1.5%): ~ $74,985
Total downpayment with estimated closing fee: $1,074,785
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $18,958 | $227,496 |
| Gross rental income (income/principal ratio) | 0.379% | 4.551% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $6,249 | $74,988 |
| Vacancy | $948 | $11,375 |
| Management Fee | $1,517 | $18,200 |
| Expense / Income Ratio | 32.96% | 32.96% |
| Cash Flow | $10,245 | $122,940 |
| Net Operating Income (NOI) | $10,245 | $122,940 |
| Capitalization Rate | 0.20% | 2.46% |
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