Welcome to your new home in the desirable Majestic Isles active
adult (55+) community in Boynton Beach! This spacious and
light-filled 3-bedroom, 2-bath villa offers comfortable living, and
an ideal South Florida lifestyle. Step inside to a freshly painted
interior featuring vaulted ceilings in the living room and abundant
windows that fill the home with natural light. The spacious eat-in
kitchen offers a generous dining area and plenty of storage, making
it perfect for both everyday living and entertaining. Additional
features include a 2-car garage with attic storage access,
dedicated laundry room, A/C replaced in 2019, water heater replaced
in 2021, and full accordion hurricane shutters for storm
protection. Majestic Isles offers a vibrant, gated, pet-friendly
55+ lifestyle with an impressive array of amenities, including an
Olympic-size pool, jacuzzi, sauna, fitness center, clay tennis
courts, pickleball courts, billiards, library, crafting room,
ballroom, shows, and numerous social activities. Conveniently
located near shopping, dining, places of worship, airports, and the
beautiful Atlantic beaches-approximately 6 miles away. With some
furniture included and a quick closing possible, this inviting
villa is ready to welcome you home. HOA: $1,749 per quarter.
Buyer-paid capital contribution: $3,498 at closing. Come discover
the comfort, community, and active lifestyle that make Majestic
Isles such a wonderful place to call home! Motivated seller!
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Appliances: Cooktop, Dryer, Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Freezer, Ice Maker, Microwave, Oven, Refrigerator, Water Heater, Washer
Flooring Type: Carpet, Ceramic Tile
Laundry Features: Inside, Laundry Room
Rooms: 8
Exterior Details
Square Footage: 1679
Square Footage Source: $0
Security Features: Security System, Fire Alarm, Security Gate, Gated with Guard, Gated Community, Smoke Detector(s), Security Guard
Property Condition: Resale
Year Built: 2000
Waterfront Features: None
Builder Model: MARQUISE
Building Area Total: 2240
Levels: One
Construction Materials: Block, Concrete, Stucco, CBSConcreteBlockStructure
Pool Features: Association
Lot Features: SprinklersAutomatic, SprinklerSystem, LessThanQuarterAcre
Lot Size Area: 4791.6
Lot Size Units: Square Feet
Lot Size Acres: 0.11
Lot Size Square Feet: 4791.6
Water Source: Public
Financial Details
Tax Assessed Value: $149,051
Tax Annual Amount: $2,054
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s), Electric
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