121 PALM CREST Drive
About This Property
Welcome to 121 Palm Crest Drive, the award winning Costa Mesa built by ICI-a stunning, thoughtfully upgraded home nestled in the highly desirable Palm Crest community of Nocatee, an intimate enclave of just 100 homes. Perfectly positioned with only one neighbor, this home offers exceptional privacy and sweeping views of serene water to preserve from your backyard oasis.
From the moment you arrive, you'll notice the curb appeal with the plush Bermuda grass and a paver driveway. Step inside to find luxury vinyl plank flooring throughout, designer finishes, and thoughtful upgrades at every turn. The open-concept kitchen boasts a massive island, floating shelves, stylish tile work and a built-out pantry. A custom stone fireplace, tongue & groove ceiling, and built-in shelving with custom lighting create a warm, elevated living space. Enjoy the Florida lifestyle year-round with a picture-frame screened enclosure, outdoor kitchen, sparkling pool and hot tub, perfect for entertaining or unwinding in your private backyard retreat.
Located in a golf cart-friendly community just minutes from world-class Nocatee amenities including a waterpark, pools, pickleball courts, fitness center, food truck Friday, social gatherings, walking and biking trails. This is a rare opportunity to own a one-of-a-kind home where every detail has been curated for comfort, style, and effortless living.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017