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11613 Puerto Boulevard
About This Property
Welcome to 11613 Puerto Blvd, a meticulously maintained residence in the sought-after Valencia Lakes, a premier active adult community. Sitting impressively, this Madrid floor plan residence brings together sophistication, comfort, and the perfect blend of amenities that creates an idyllic retreat. Upon entering, a striking feature is the lofty ceiling heights throughout the communal living spaces. Large windows provide an abundance of natural light while highlighting a clear panorama of the serene lake views. The open-concept eat-in kitchen is designed with functionality and style in mind. It connects seamlessly to a spacious family room that further extends to an outdoor area - creating an excellent flow for both relaxing and entertaining. Outside you'll encounter an oversized covered & screened patio, the perfect tranquil space to enjoy Florida's beautiful sunsets and the surrounding lake views.((The primary suite leaves nothing to be desired, equipped with dual walk-in closets and a generous bathroom to provide a private sanctuary within the home. An additional three substantial rooms guarantee ample space.((Currrently, one of the additional rooms has been thoughtfully repurposed into an office, embellished with contemporary, tasteful built-ins. However, its versatile design allows for easy adaptation to changing living needs.((Valencia Lakes represents the epitome of gated community living with stunning greenery and meticulously curated tree-lined streets. A wealth of community amenities awaits the residents, from a resort-style heated swimming pool and pickleball & tennis courts to charming cafes and card rooms. The calendar is also filled with activities and entertainment opportunities geared towards a vibrant and active lifestyle, making Valencia Lakes not just a place to live, but a community to be a part of.
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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 Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017