131 Cascade Lane
About This Property
131 Cascade Lane will sweep you off your feet from the moment you step inside with its sprawling volume ceilings, beautiful tile flooring, and light and bright, open feel. Continue into the home to find the open-concept contemporary kitchen renovated with granite ..[more] countertops, a brand NEW Samsung Refrigerator (2020), a natural gas stove, plus a large chef's island. The kitchen flows seamlessly into the huge, open living spaces, making this home the PERFECT place to entertain family and friends, especially with its BAR with storage located in the substantial family room and massive walk-in pantry.
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This property is a unique and rare find as it has been renovated to include a gorgeous mother-in-law suite with a private entrance that can be used as the master suite of the home or could be a potential rental opportunity. Completely upgraded with beautiful wood-look tile flooring throughout and a tastefully designed full bathroom, you will LOVE this bonus feature! The three other bedrooms in the home are all generously sized and boast lots of natural light. The other two bathrooms are upgraded with beautiful vanities and modern tiling.
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Get ready for those summer barbecues and get-togethers you've been dying to host because 131 Cascade Lane has an expansive fully-fenced backyard which is the ultimate space for entertaining and offers lots of privacy. Even better, the home has plenty of space to build a pool (pool renderings have already been drawn up and are available) and patio, plus it already has TWO storage sheds from Superior Sheds. Also, this extra-large backyard offers a gate on the side of the yard and space to store your boat! Parking on the circular driveway has 8 spaces and a side house slab spot for toys!
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No expenses have been spared in upgrading this home including almost complete hurricane impact protection (only the front windows have shutters instead of impact), a newer roof (2017), 3 newer super-efficient AC units totaling 6.5 tons, an upgraded electrical panel, a one-car garage, three full baths, a BRAND NEW washing machine (2020), and a newer tankless GAS water heater.
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131 Cascade Lane is situated in the PERFECT location in the beautiful and safe Palm Beach Shores community with NO HOA. Not only does this neighborhood have its own police department and fire department to keep the community safe, but it is just minutes from the spectacular beaches of South Florida with crystal blue water and soft sand, as well as the extensive shopping, fine dining options, and nightlife nearby. The Town has a beautiful new community center and private beach walkway access with lifeguards, Cabanas and permit parking.
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With its incredible location, spacious living areas, huge backyard, fabulous renovations, and mother-in-law suite, this home is perfect for families, beach-lovers, or boaters! Don't miss your opportunity to see the single-story South Florida home that checks all your boxes!
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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 2, 2020 | Sold | ||
| Sold | |||
| Jun 13, 2020 | Listed by Compass Florida LLC | $795,000 | |
| Listed by Compass Florida LLC | |||
| Mar 8, 2020 | No longer available | - | |
| No longer available | |||
| Sep 20, 2019 | Listed | $837,999 | |
| Listed | |||
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Beautiful corner lot Residence, in the inviting Palm Beach Shores community!!!!! This unique home is both spacious and luxurious, having undergone numerous exquisite renovations over the last few years you will be greeted by 2,662 total sq. ft. of open concept living area, private access mother in law/guest suite, beautiful tile floors, up-dated interior and impact windows. The 4 bedroom, 3 bathrooms; floor plan offers privacy and functionality for the entire family.As for the exterior of this remarkable residence, it features a large corner lot with privacy fence plenty of yard space for a pool as well an extra-large gated boat storage area. The manager has listed the unit size as 2334 square feet.
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| Dec 15, 2016 | Sold | ||
| Sold | |||
Property Highlights
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About Palm Beach Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017