1215 Gator Trail
About This Property
Bear Island is located in the heart of West Palm Beach and within minutes of a major $150 million West Palm Beach project ''Ball Park of the Palm Beaches''-160 acre development that will be the new spring-training home of the Washington Nationals and Houston Astros baseball teams scheduled to open 2017. Bear Island is a premier Burg & DiVosta gated resort community located in the Villages of Palm Beach Lakes near the prestigious Bear Lakes Country Club with two 18-hole championship golf courses designed by the legendary Jack Nicklaus and conveniently located minutes from CityPlace, Kravis Center for the Performing Arts, Clematis Street, Norton Museum, The Breakers Palm Beach, Worth Avenue, Downtown at the Gardens, fabulous Palm Beach County beaches, Village Commons, Palm Beach International Airport, Amtrak, I-95 and the Florida Turnpike.
The Villages of Palm Beach Lakes Property Owners Association maintains Perini, Shiloh, and Saratoga Parks in the Villages offering large swimming pools,kiddie pools,softball fields,lighted tennis courts, racquetball courts, sand volleyball courts, playgrounds, jogging trail, picnic areas,tables,charcoal grills and the new ''Paws Park'' on Saratoga Road. Discover the Villages of Palm Beach Lakes with its unique West Palm resort lifestyle... And you'll call it home! Bear Island is a NON MANDATORY GOLF MEMBERSHIP community; however, many homeowners are Golf and Social members at the Bear Lakes Country Club.
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 15, 2025 | Price Decreased |
$775,000
↓ $24K
(2.9%) | |
| Price Decreased | |||
| Feb 4, 2025 | Listed | $798,500 | |
| Listed | |||
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Discover the exquisite classic Hampton model by Burg & DiVosta, where thoughtful updates meet breathtaking golf and sunset views over the stunning Links Course at Bear Lakes Country Club. This property is truly an entertainer's dream, featuring a vibrant Seminole Tiki Bar and a heated Spool, all set against a beautiful professionally landscaped garden backdrop.Step onto the covered patio or stroll along the stylish paver sidewalks and driveway, accentuating the home's elegance.
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| May 31, 2024 | No longer available | - | |
| No longer available | |||
| Apr 10, 2024 | Listed by Village Realty Group Inc. | $772,900 | |
| Listed by Village Realty Group Inc. | |||
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On picturesque GatorTrail with ''Old Florida'' Oak canopy you will find this Classic Burg & DiVosta Hampton Model gem. Thoughtfully updated with expansive golf and sunset views over the Links Course of the Bear Lakes Country Club. The property features16'' tile on the diagonal in the main areas, wooden floors in the bedrooms, updated kitchen with 42'' cabinets, granite and stainless appliances, updated bathrooms, Tiki Bar Spool, covered patio, hurricane shutters, newer AC. 24-7 attended gate, covered patio and more...Bear Island is located in the heart of West Palm Beach within minutes of the $150 million West Palm Beach project ''CACTI Park of the Palm Beaches''-160 acre development that is the spring-training home of the Washington Nationals and Houston Astros baseball teams & more.. The manager has listed the unit size as 1973 square feet.
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| Oct 20, 2017 | Sold | ||
| Sold | |||
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About Villages of Palm Beach Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017