122 Forest Hill Boulevard
About This Property
The owners enlisted highly respected Palm Beach architect Patric Seagraves. The vision for the home was multifaceted. It had to have the impact and grandeur of walking into a Four Seasons Resort highlighted by open floor plans, views to the intercostal, beautiful and lush curb appeal with the wow factor upon entering the home. A self contained retreat which is relaxing , bright and inviting for friends and family was key. Furthermore, interior walls were required to be spacious to place art work throughout the home while the design needed to feature an indoor a€" outdoor entertainment space with world class amenities.
Given the results, it is easy to see why 122 Forest Hill is a self contained retreat. The 8,000 SF home design features dramatic 10 foot high ceilings with high impact French doors and large windows throughout, allowing for a bright and open environment. The spacious residence offers 3brs, 4.5 baths , office that has option to use as fourth bedroom, custom built a€" in cabinetry, fitness room. Creatively, architect Patric Seagraves designed the home to easily be transformed into a 5br , 5,5 bath .The storage space is plentiful throughout and the property boasts a (4) car garage. Nothing was left to chance as one of the four garages was built to fit a boat.
Extensive detail was given to the entertainment design, which features a spacious logia with outdoor kitchen, full bathroom, jacuzzi and steam room, fireplace with a gas grilling station. The 70 foot lap pool with water features
stands out as the focal point of the back yard which is surrounded by a variety of tall landscaping trees. All deference is paid, however, to the state of the art media room featuring a visual, audio and comfort experience which is world class.
Proximity and access accentuates this architecturally stunning home as Palm Beach Island is minutes away as is downtown West Palm, City Place, Palm Beach international Airport, schools, nationally rated tennis, golf facilities and the Wellington Winter International Equine Festival. Step off the property and miles of walking and biking paths are present along the intercostal.
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2018 | Sold | ||
| Sold | |||
| Oct 12, 2017 | Listed by The Corcoran Group | $2,985,000 | |
| Listed by The Corcoran Group | |||
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About Lake Forest Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017