Beautifully renovated custom home featuring a unique layout
thoughtfully designed by the owner, who completely transformed the
residence approximately six years ago with quality finishes
throughout. This one-level, 3-bedroom, 3-bathroom home offers an
easy, seamless flow with no steps between living areas. The
open-concept kitchen connects beautifully to the dining and living
areas, creating an inviting space for everyday living and
entertaining, all overlooking the pool and serene lake views. The
professionally designed kitchen features modern cabinetry, stunning
countertops, a professional cooktop with a ventilation hood, and an
oversized walk-in pantry. Elegant flooring extends throughout the
main living areas, while the bedrooms feature soft carpeting for
added comfort. The spacious primary suite is filled with
natural light and offers two separate closets, providing ample
storage. The beautifully updated primary bathroom features dual
sinks, a separate Jacuzzi tub, and a spacious shower. All three
bathrooms have been tastefully renovated, including one bathroom
with a Jack-and-Jill-style layout. All lights can be turn on or off
with an app. Step outside to the patio with desirable eastern
exposure, where you can enjoy beautiful lake views and morning
sunshine. Additional features include impact-resistant windows and
doors for added peace of mind. Custom-designed with attention to
detail and quality finishes, this exceptional home is ready for its
next owner to enjoy. Gleneagles Country Club is a mandatory
membership, all-age community offering an exceptional resort-style
lifestyle in the heart of Delray Beach. Residents enjoy access to
two championship 18-hole golf courses, 19 Har-Tru tennis courts, 8
pickleball courts, a state-of-the-art Healthy Lifestyle Center with
fitness classes, spa services, 8 swimming pools, multiple dining
venues, and a vibrant calendar of social events and activities for
every interest. Membership is required with the purchase of a home
and offers several membership categories to suit different
lifestyles. The community is currently undergoing an exciting $54
million clubhouse transformation, featuring beautifully redesigned
dining, social, and gathering spaces, modernized amenities, and an
enhanced member experience. The cost of the renovation has already
been incorporated into the current monthly club dues. Whether
you're an avid golfer, tennis or pickleball enthusiast,
fitness-minded, or simply looking for an active social lifestyle,
Gleneagles Country Club offers outstanding amenities and a
welcoming environment for residents of all ages.
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.
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