INCREDIBLE OPPORTUNITY in the City of Westlake! Welcome to
the highly sought-after Azalea Grand, ideally situated on a
desirable corner lot and offering the space and versatility today's
buyers are looking for. This spacious 4-bedroom + LOFT,
3.5-bath home features a highly functional floor plan, including a
first-floor bedroom with its own full bath, plus a separate powder
room for guests. The kitchen is bright and inviting with
white cabinetry accented by crown molding, extended wall cabinetry
for additional storage, stainless steel appliances, and a large
center island with granite countertop. Enjoy casual meals in the
eat-in dining area or entertain in the separate formal dining room.
The main living area is anchored by a beautiful custom-built
electric fireplace and shiplap feature wall, creating an impressive
focal point and a warm gathering space. Tile flooring throughout
the first floor offers both style and easy maintenance. Step
outside to the screened-in patio and fenced backyard, providing
additional space to relax, entertain, or enjoy the South Florida
lifestyle. Beyond the home, Westlake offers a lifestyle all
its own. Residents enjoy access to the community's incredible
Adventure Park, featuring a resort-style lagoon pool, waterslide,
splash pad, playground, basketball courts, BMX pump park, dog park,
picnic and gathering areas, event lawn, and an exciting calendar of
community activities throughout the year. Walking and biking paths,
beautifully maintained green spaces, and convenient access to
shopping, dining, schools, and major roadways make Westlake one of
Palm Beach County's most exciting master-planned communities.
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.
Appliances: Cooktop, Dryer, Dishwasher, Electric Cooktop, Electric Range, Disposal, Gas Water Heater, Ice Maker, Microwave, Range, Refrigerator, Water Heater, Washer
Flooring Type: Carpet, Tile, Wood
Laundry Features: Laundry Room, Upper Level
Has Fireplace
Fireplace Features: Electric
Exterior Details
Square Footage: 2788
Square Footage Source: $0
Security Features: Gated Community
Property Condition: Resale
Architectural Style: Contemporary
Year Built: 2021
Builder Name: Minto Communities
Builder Model: Azalea Grand
Building Area Total: 3423
Levels: Two
Window Features: Storm Window(s), Sliding
Construction Materials: Block, Concrete, Stucco
Pool Features: Association, Heated
Lot Features: SprinklerSystem, LessThanQuarterAcre
HOA/Condo/Coop Amenities: Basketball Court, Clubhouse, Dog Park, Gated, Management, Maintenance, Picnic Area, Playground, Park, Pool, Parking, Trail(s), BocceCourt, Restaurant, Sidewalks
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