Located in the gated Paloma community in Palm Beach Gardens, this
5-bed, 4-bath property is a luxury lakefront dream with stunning
water views, massive family room, chef's kitchen, formal and casual
dining areas, media room and several living spaces, this home
elevates both entertaining and everyday living. The rear is fitted
with a two-story sunroom with solar screening, a salt water
pool/spa and a quaint back patio for grilling. The large master
suite boasts custom millwork, lake views, sitting area, large
custom closets, spa bath and a private door to the sky deck
terrace. The climate-controlled 3-car garage. With an office, tons
of custom storage and top-of-the-line finishes throughout along
with many updates to flooring, mechanicals, lighting and
electronics define luxury.
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.
Amazing! Large Paloma home with over 4,000 sq ft of A/C, 5 bedrooms, 4 baths & 3 car garage. This was the actual builder's (Kolter) ''Gardenia'' model loaded with upgrades PLUS a premium lot with long panoramic lake views! Only lived in as a vacation home for a handful of months. Top of the line floors, cabinets, granite, appliances, bathrooms, lighting, moldings, built in wall units, custom closets, impact windows, built in office, custom stair rails, window treatments, coffered ceilings & so much more! Has the optional large terrace off the master suite overlooking the lake. Covered, marble paver patio with private pool & spa. This house is like brand new! The model home furnishings, TVs, and artwork are available for sale separately for an additional $25,000... Paloma is one of the best kept secrets in Palm Beach Gardens. Gated community with clubhouse, pool, spa and fitness. Close to excellent schools, Publix, Whole Foods, Restaurants, Downtown, Midtown and Garden Mall!
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