16340 Cabernet Drive
About This Property
Boasting over $250,000 in upgrades, this home features custom floors throughout, fully renovated bathrooms, and a highly upgraded kitchen. The retractable screened-in patio with a serene lake view provides the perfect setting for relaxation and entertaining. Additional highlights include custom walk-in cabinets, stylish window treatments, and an impressive wine cellar ideal for hosting guests. Seven Bridges redefines lavish living with its world-class amenities, including a gourmet restaurant, three sparkling pools, an elite tennis program with 13 courts, and a top-tier fitness center. This home is a must-see and won't last long!
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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.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 18, 2024 | Sold | ||
| Sold | |||
| Aug 11, 2024 | Listed by Realty Investments Group LLC | $1,625,000 | |
| Listed by Realty Investments Group LLC | |||
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Welcome to 16340 Cabernet Dr, located in the prestigious Seven Bridges community. This impeccably renovated Summit Grande model offers luxurious living with 3 spacious bedrooms, 4 full bathrooms, an office/den, and a loft converted into a 4th bedroom.Boasting over $250,000 in upgrades, this home features custom floors throughout, fully renovated bathrooms, and a highly upgraded kitchen. The retractable screened-in patio with a serene lake view provides the perfect setting for relaxation and entertaining. Additional highlights include custom walk-in cabinets, stylish window treatments, and an impressive wine cellar ideal for hosting guests.
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| Jul 2, 2019 | Sold | ||
| Sold | |||
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017