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Map
16420 Rustic Road
About This Property
EQUESTRIAN PARADISE OR YOUR PEACEFUL AND TRANQUIL RETREAT !!!
This FULL 5 acre property is an absolute gem for the equestrian community and a peaceful tranquil retreat! Come and make it your own and build the dressage or jumping arena of your dreams! The property is also suitable for a covered arena. A short distance to the Palm Beach International Equestrian Center, the
property also connects to Wellington's elaborate equestrian trail system. Separate detached CBS building with 1152 sq. ft.
Priced to sell !!!
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What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 19, 2021 | Sold | ||
| Sold | |||
| Dec 31, 2020 | Sold | ||
| Sold | |||
| Jun 4, 2019 | Listed by KW Reserve Palm Beach | $774,900 | |
| Listed by KW Reserve Palm Beach | |||
| Jul 30, 2017 | Listed | $945,000 | |
| Listed | |||
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5 ACRES PROPERTY IN RUSTIC RANCHES WITH A VERY CUTE HOUSE, THE WHOLE PROPERTY IS SURROUNDED BY A PVC FENCE...COME AND SEE IT! PERFECT TO BECOME AN EQUESTRIAN PROPERTY: IT HAS PLENTY OF ROOM TO BUILD A BARN, DRESSAGE OR JUMPING RING,PADDOCKS. IT HAS BRIDLE PATH, HACKING DISTANCE TO THE PRESERVE, WEF. IRRIGATION ON PROPERTY, THE SECOND BUILDING OF 1100SQ FEET USED AS A GARAGE CAN BE EASILY CONVERTED TO A BARN OR USED TO STORE FARM EQUIPMENT.The manager has listed the unit size as 1635 square feet.
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| Sep 13, 2002 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017