10996 Sunset Ridge Circle
About This Property
This magnificent 4 bedroom, 3.5 bathroom home with a huge loft sits on nearly 1/3 acre of lakefront property and has a 3 car garage. The Durango floor plan is in one of the larger collections in the sought after luxury community of Canyon Lakes and has 3,813 SqFt of living area. The master suite is on the first floor with a luxurious en suite featuring dual wood vanities with marble counter tops and large vanity areas Motivated Seller! Relax in your roman size jet tub or cool off in the over-sized walk-in shower. Leading to the en suite are two giant, mirrored walk-in closets. Oversized marble on the diagonal has been installed on the first floor and a grand staircase of real wood and Italian glass leading to the upstairs loft, 3 bedrooms and 2 bathrooms. The gourmet kitchen features wood cabinetry with all the bells and whistles - crown molding, under cabinet and counter lighting, glass backsplash and sprawling granite counters that open up to a large family room, with access to the back patio area and pool. You'll love the breakfast area with huge bay windows overlooking the pool and the lake! There is a grand, tile framed entry into the dining room which boasts ceilings to the 2nd floor and is perfect for formal entertaining.
The pool is heated with a saltwater chlorination system, and brand new 2-pump pool system. It features two fountains, a built in entertainment pit with which is wired for cable television (as shown in photos) and Jandy remote controlled fiber optic lighting. The landscaping in the front and the rear has created a tropical paradise that was designed for enjoyment, entertainment and relaxation. Enjoy the sunset over the lake without worrying about mosquitos - there is a built in SWAT system in the back of the house!
Canyon lakes is a luxury, 24/7 manned gated community in Boynton Beach with a clubhouse and recreational facilities which include resort-style pool, whirlpool spa, aqua lot, indoor and outdoor play areas, party pavilion and shade pavilions, fitness center, basketball court and two har-tru tennis courts. Walk to Canyon Town Center with Publix, shops, restaurants and amphitheater. Delray Marketplace is just minutes away. Close proximity to the Florida Turnpike. Schools are Sunset Palms Elementary (just outside community), Odyssey Middle School and Olympic Heights High School.
This home has had one owner, who didn't spare a dime or miss an inch when doing the custom designs and finishes to the home!
*Chandeliers in dining room and breakfast area do not convey
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What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2018 | Sold | ||
| Sold | |||
| Oct 24, 2017 | Listed by Florida Premier Realty of the Palm Beaches LLC | $665,000 | |
| Listed by Florida Premier Realty of the Palm Beaches LLC | |||
| Jan 11, 2016 | Sold | ||
| Sold | |||
| Oct 21, 2015 | Listed by Florida Premier Realty of the Palm Beaches LLC | $650,000 | |
| Listed by Florida Premier Realty of the Palm Beaches LLC | |||
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About Canyon Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017