14220 Biddix Road
About This Property
2.5 CLEARED, PRIVATE ACRES 1 MINUTE OFF OKEECHOBEE BLVD & MINUTES FROM SOUTHERN BLVD & F RD! Property is peaceful, quiet, level and cleared; fully fenced 2.5 grassy oasis waiting for your plans! 4 bdrm, 2 bath updated home with metal roof replaced in 2007/08 PLUS an enormous 80' x 60' Garage/workshop (can fit 10+ cars) with 19' ceilings, (2)-12' x 14' roll-down shuttered doors, 120 & 220 Electric & built to highest hurricane codes! This lovely home sits at the end of 4 property lane near other horse properties---could easily be improved to spaciously fit 12-14 stalls, regulation sized rings, numerous large grassy paddocks, etc OR keep as a high end Workshop. MUST SEE/MANY OPTIONS!! (1 bedroom not shown in photos) (Due to night shift work and sleeping owner, one bedroom was not photographed.) Huge Workshop equipped with exceptional lighting & electrical options. Also has a 2nd storage shed for equipment (30' x 16' approximately with ramp). New Septic System and huge drainfield built in 2010 behind home. Plenty of room for a pool. Property has mature Mango trees, lime trees, and privacy hedges at fence line.
...Additional 2.5 acre lot beside this property may also be for sale by separate owner...
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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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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 |
|---|---|---|---|
| Dec 8, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $475,000 | |
| Listed | |||
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DREAM HOME FOR A CAR ENTHUSIAST, HOME BUSINESS OR EQUESTRIAN CONVERSION!!2.5 CLEARED, PRIVATE ACRES 1 MINUTE OFF OKEECHOBEE BLVD & MINUTES FROM SOUTHERN BLVD & F RD! Property is peaceful, quiet, level and cleared; fully fenced 2.5 grassy oasis waiting for your plans! 4 bdrm, 2 bath updated home with metal roof replaced in 2007/08 PLUS an enormous 80' x 60' Garage/workshop (can fit 10+ cars) with 19' ceilings, (2)-12' x 14' roll-down shuttered doors, 120 & 220 Electric & built to highest hurricane codes! This lovely home sits at the end of 4 property lane near other horse properties---could easily be improved to spaciously fit 12-14 stalls, regulation sized rings, numerous large grassy paddocks, etc OR keep as a high end Workshop. MUST SEE/MANY OPTIONS!! (1 bedroom not shown in photos)The manager has listed the unit size as 1911 square feet.
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| Jul 13, 2017 | Listed by Keller Williams Realty - Welli | $475,000 | |
| Listed by Keller Williams Realty - Welli | |||
| Aug 28, 1997 | Sold | ||
| Sold | |||
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About Loxahatchee Groves
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017