This stunning Ana Maria model is beautifully positioned on an
exceptional lakefront homesite within Cresswind Palm Beach,
Westlake's highly desirable active adult community. Located on the
widest part of the lake, the home enjoys spectacular, expansive
water views that create a breathtaking backdrop from both the
interior and outdoor living areas. The wide-water setting is truly
one of the standout features of this property. The
thoughtfully designed residence offers 2 bedrooms, a spacious den
that can easily serve as a 3rd bedroom, 2 full baths, and a
generous 2-car garage. The home has been extensively upgraded
throughout, combining sophisticated finishes with comfortable
Florida living. The beautifully appointed kitchen features a
5-burner gas cooktop, stainless steel hood, wall oven and
microwave, upgraded soft-close white cabinetry, designer
backsplash, quartz countertops, and an impressive oversized center
island offering plenty of space for entertaining and everyday
living. Tile flooring extends throughout the main living
areas and den. Both bathrooms feature upgraded tile, cabinetry, and
quartz countertops, while the spacious laundry room has been
enhanced with abundant cabinetry and a utility sink for additional
storage and convenience. Outside, the covered patio features
a Phantom screen enclosure and provides the perfect setting to
relax and enjoy the gorgeous panoramic lake views and peaceful
wide-water setting. The spacious backyard also offers plenty of
room to add a custom pool, creating the opportunity for an
incredible private outdoor retreat. With its premier position
on the widest part of the lake, breathtaking water views, extensive
upgrades, and beautifully designed living spaces, this exceptional
home captures the very best of the Cresswind Palm Beach lifestyle.
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.
HOA/Condo/Coop Amenities: Billiard Room, Clubhouse, Dog Park, Fitness Center, Indoor Pool, Management, Pool, Recreation Facilities, Spa/Hot Tub, Tennis Court(s), Trail(s), BocceCourt, Pickleball, Sidewalks
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