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14190 Castlerock Way
About This Property
NEW A/C 2024
Welcome to 14190 Castlerock Way, a well-situated lakefront property in the lively neighborhood of Newport Cove, Delray Beach, Florida. This remarkable residence is aptly designed for those who appreciate spacious and open-layout living. Constructed on a prime lakefront lot, it exemplifies substantial home spaces infused with contemporary design aesthetics that appeal to today's discerning homeowners. Underneath its high vaulted ceilings, the home displays a flamboyant blend of warmth and ambiance that enhances every moment spent inside. Its spacious living areas are poised to entertain, offering flexibility and an atmosphere of relaxation that extends well beyond its exquisite interiors. The renovated kitchen stands as a symbolic hub for culinary exploration, embodied with a laid-back setting perfect for casual dining. With ample space and modern conveniences, it assures that every meal preparation becomes a joy rather than a chore. Adding to the list of this home's comprehensive assortment of features is a generously-sized laundry room, equipped with built-in cabinets, streamlining your chores and ensuring that practicality is touched upon in every nook and corner. Equally impressive as its interior, the outdoor space(accordion shutters) of this sprawling abode holds a screened-in lanai, an ideal haven for outdoor relaxation, dining, and socializing. Paired with a lake view, it serves as an excellent hosting site for a weekend barbecue or simply a serene retreat under the star-stacked sky. Living in Newport Cove runs far beyond owning a home. In this gated community, tranquillity meets hospitality. The lush greenery and serene lake echo nature's whisper, enhancing the beauty of the surroundings. A clubhouse filled with amenities like a heated swimming pool, tennis court, pickleball, community room, and an exercise studio add to the daily zest, inciting active living within your reach. And for those times when you wish to explore beyond the confines of Newport Cove, there's a multitude of nearby dining, shopping, recreational, and beach options at your disposal. Your comfort, convenience, and lifestyle aspirations are perfectly encased within this beautiful home, adding volumes to your everyday living. Experience upscale and sustainable living in one of Delray Beach's most sought-after neighborhoods at 14190 Castlerock Way. Your dream of acquiring an idyllic residence is ready to unfold here.
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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.
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017