Off-Market Condo at 101 101st Ave Se, Bellevue, WA 98004
Luna Mascot
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Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $240 per day and long-term for an average of $5,821 per month, based on similar listings in the area. Estimated short-term cap rate of -5.3%. Estimated long-term cap rate of -4.7%. Stunning Meydenbauer Bay waterfront condo! Remodeled down to the studs in 2016 with no expense spared. Ground floor unit. Chef inspired kitchen with sleek custom white cabinetry, slab quartz counters & top of the line appliances including a Wolf gas range. Walk in pantry with marble counters. Spacious Great room is anchored by a gas fireplace & custom vertical grain fir cabinetry. Large picture windows frame the views. Sliding door to the expansive patio & lush lawn near the waters edge. Spacious primary; fireplace, 5 piece spa-like bath & huge walk in closet. Temperature controlled 700 bottle glass wine cellar. Gated entry & secured building. Pool. On-site manager. 2 secured pkg spaces. Rare private setting with unparalleled western views.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$1615
Rental Policy
daily
Yearly Taxes
$9227
Bedrooms
2
Bathrooms
2
SQFT
1,681
Furnished
N/A
Year built
1975
Listing Status
Off Market
MLS
2352983

Short-term Rental Potential
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$56,064

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,484

Price/SQFT

Long-term Rental Potential
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$69,852

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$5,821/mo

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