1159 Royal BOULEVARD
About This Property
Delight in the generous living space, ideal for hosting memorable gatherings and intimate soirees. The voluminous vaulted ceilings in the main living areas and the guest rooms exude an air of grandeur, while the skylights infuse the villa with natural light, creating an inviting ambiance. The villa boasts an oversized two-car garage, a water softener, and an abundance of built-in shelving in most closets, optimizing storage and organization.
Step outside onto the lanai, accessed through French doors from the master bedroom, and immerse yourself in the meticulously manicured grounds, surrounded by the community's captivating beauty. Take a refreshing dip in the community pool or unwind in the heated spa, indulging in moments of relaxation and rejuvenation. The homeowners association (HOA) fee of $275 per month ensures peace of mind with its comprehensive services, including grounds maintenance, basic cable, trash removal, exterior paint every 5-6 years, as well as gutter cleaning and sidewalk pressure washing.
Perfectly situated near premier shopping destinations, pristine beaches, and picturesque parks, this villa offers a coveted location that harmoniously blends convenience and leisure. With easy access to airports, commuting becomes effortless, allowing you to embark on exciting adventures with ease. Experience the epitome of elegant living in this remarkable villa, where timeless beauty, upscale amenities, and an inviting community converge to create a truly desirable lifestyle.
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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.
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About Palm Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017