11881 Preservation Lane
About This Property
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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 |
|---|---|---|---|
| Dec 20, 2024 | Sold | ||
| Sold | |||
| Nov 19, 2024 | In contract | - | |
| In contract | |||
| Nov 17, 2024 | Price Decreased |
$1,199,999
↓ $175K
(12.7%) | |
| Price Decreased | |||
| Oct 22, 2024 | Listed by Compass Florida LLC | $1,374,999 | |
| Listed by Compass Florida LLC | |||
| | |||
|
BEST VALUE IN WEST BOCA! This sought-after Chateau Lafite model sits on a extra wide lot with serene water & preserve views. Enjoy the expansive balcony stretching from end to end to take in the most spectacular sunsets, complete with exterior spiral stairs. The interior features marble floors, an updated kitchen with granite countertops, and newer stainless steel appliances, 2 new ACs. The home is equipped with a 500-gallon propane tank powering a brand new whole-home generator, along with new moldings, updated hardware, and a roof that's just 3 years old. Located across from two A-rated schools and adjacent to the largest and finest park in Palm Beach County, this home is a gem.
| |||
| Mar 1, 2022 | Sold | ||
| Sold | |||
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About Capella
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017