11162 Sandyshell Way
About This Property
**Cabana bath door and the living room French doors are IMPACT GLASS. Other openings have hurricane shutter panels.
**Utility room has newer Samsung washer and dryer and a convenient set tub.
** WOOD FLOORS in living room, formal dining room and first floor powder room.
** French doors in living room and family room going to the outside and French interior doors between the family room and dining room.
** 80 Gallon hot water heater
** Money-saving lawn irrigation system is pumped from the lake.
** PLEASE NOTE: pool heater has been removed and seller will not be replacing. However, hook-ups are there if buyer wants to install a new one.
PUBLIC SCHOOLS
** Walk to A-RATED Sunrise Park Elementary and Eagles Landing Middle Schools. Check out all the special ACADEMIES at A-Rated Olympic Heights High School.
SHORES HOMEOWNERS ASSOCIATION (Note that due to Covid-19 restrictions most amenities and activities are currently not available. The community is eager to return to being an active, fun-filled neighborhood.)
**The Shores at Boca Raton is a guard-gated community w/clubhouse, state-of-the-art fitness center, heated pool & spa, basketball court, children's playroom and recently expanded tot lot w/covered play area. Lots of tennis players in the Shores enjoy the four courts taking lessons from visiting tennis pros and playing with their friends. There's a yoga class, golf club and holiday parties throughout the year. The 860-acre Burt Aaronson South County Regional Park is across from entrance to the community and has amphitheater, nature center, water park, lighted athletic fields, boat launch, dog parks and countless trails to walk and bike. Shores golfers enjoy the nearby Osprey Point 27 Hole Golf Course. The Shores HOA is fiscally prudent with reserves and an excellent balance sheet. At closing, Buyers make a one-time Capital Contribution to the HOA reserves equal to one-quarter's maintenance. The Shores HOA permits renting in the first year of ownership for a minimum of 365 days and it permits residents to have a maximum of two pets (any size). All Shores Buyers must put down a minimum of 10% if they are obtaining financing. The Shores recently installed a new $400,000 entryway which was paid for from reserves and a small special assessment. That assessment has been fully paid by the Sellers
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 29, 2020 | Sold | ||
| Sold | |||
| Aug 6, 2020 | Listed by RE/MAX Services | $624,900 | |
| Listed by RE/MAX Services | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 19, 2018 | Listed | $615,000 | |
| Listed | |||
| | |||
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EXCELLENT 2 STORY FAMILY HOME W/ GORGEOUS LAKE VIEWS SITED ON AN OVERSIZED, PIE SHAPED, CUL DE SAC LOT. SOARING CEILINGS, HARDWOOD FLOORS, PLANTATION SHUTTERS, OFFICE (OR 5TH BR), UPDATED KITCHEN W/ NEW COOK TOP, NEW OVEN, NEW REFRIGERATOR, NEW MICROWAVE & DISHWASHER OPENS TO FAMILY ROOM. 2ND FLOOR INCLUDES SPACIOUS MASTER SUITE W/LARGE HIS & HER WALK-IN CLOSETS, LOFT & 3 ADDITIONAL BEDROOMS. THE HUGE FENCED BACKYARD FEATURES EXPANSIVE GRASSY AREAS, SCREENED PATIO & OPEN POOL W/WATERFALL SPA ALL OVERLOOKING THE BEAUTIFUL LAKE! OTHER FEATURES INCLUDE WHOLE HOUSE WATER FILTRATION SYSTEM, WHOLE HOUSE SURGE PROTECTION & HURRICANE SHUTTERS. COMMUNITY AMENITIES INCLUDE 24 HOUR MANNED GUARD GATE & CLUBHOUSE W/ FITNESS CENTER, COMMUNITY POOL & TENNIS COURTS. The manager has listed the unit size as 3366 square feet.
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| Jun 8, 2004 | Sold | ||
| Sold | |||
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About Shores at Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017