Situated on a private 1.84-acre gated lot, this spacious 4-bedroom
+ loft/optional 5th bedroom, 3.5-bath home offers the perfect blend
of functionality, flexibility, and outdoor living. Inside, the home
features an open and expansive layout with multiple living areas, a
dedicated entertainment space, and a large kitchen that flows
seamlessly into the main living area, ideal for both everyday
living and hosting. The additional loft provides flexibility for a
home office, guest space, or 5th bedroom. Step outside to a
screened-in pool and patio overlooking the property's private pond
and newly updated dock (2025), creating a peaceful and private
setting. The property is equipped for a variety of lifestyles,
featuring a large detached garage, multiple storage buildings, and
three horse stalls offering space for equipment, hobbies, or
recreational use. Recent upgrades include a new roof (2025),
hurricane-impact windows and doors on the first floor (2025), two
tankless gas water heaters (2025 & 2020), an updated HVAC system,
and a water softener system. This is a rare opportunity to own a
gated acreage property with usable land, modern upgrades, and
versatile living space - all in one.
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.
Last updated: 19 days ago (Beaches MLS #B26004158)
Price History
Date / Event
Date
Event
Price
Sep 9, 2026
In contract
-
In contract
Jun 19, 2026
Price Decreased
$1,049,000
↓ $110K
(9.5%)
Price Decreased
May 29, 2026
Price Decreased
$1,159,000
↓ $20K
(1.7%)
Price Decreased
Apr 29, 2026
Price Decreased
$1,179,000
↓ $20K
(1.7%)
Price Decreased
Mar 19, 2026
Listed by Florida Premier Realty of the Palm Beaches LLC
$1,199,000
Listed by Florida Premier Realty of the Palm Beaches LLC
Aug 7, 2025
Listed
$1,275,000
Listed
This stunning 4-bedroom home with a versatile 5th loft-style room offers endless possibilities, including the potential for a 5th bedroom. The spacious split floor plan provides ultimate privacy, with the main living areas centered around a screened-in porch, perfect for year-round enjoyment. The property features a serene pond with a dock, adding a tranquil touch to your outdoor living space. Enjoy the convenience of a separate garage, shed, and a small pole barn, all equipped with power for extra storage or hobbies. The entire yard is fenced and secured with an electric gate, ensuring privacy and peace of mind. This home truly offers a perfect blend of comfort, style, and functionality in a beautiful, secluded setting.
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