16573 Fleur De Lis Way
About This Property
This remarkable property spans a total of 5,974 square feet, with an approximate interior space of 4,814 square feet. Inside, you'll find an impressive layout that includes 5 bedrooms, 5 bathrooms, and an additional half-bathroom for added convenience and luxury. Furthermore, catering to car enthusiasts, the property comes equipped with a three-car garage. Adding to its grandeur, upon entrance, residents are welcomed by the sight of exquisite marble flooring that flows through every inch of this contemporary space.
Enter the gourmet kitchen, and a palpable sense of sophistication fills the air, emphasizing top-tier Sub-Zero appliances, double ovens, dual dishwashers, custom cabinetry, and a large island perfect for dining with guests. Moving beyond the gourmet space, the formal living area showcases panoramic waterfront views that evoke a feeling of serenity and privacy, seamlessly guiding you to the outdoor setting. Here, you'll discover a summer kitchen, a sparkling pool, and an inviting spa, enhancing the overall allure of the exterior space.
The primary suite stands as a realm of absolute perfection. Enriched by views of the outdoor setting and the lakefront area, the room exudes an additional layer of sophistication. The primary bathroom is a vision of contemporary bliss with marble throughout, dual bathroom features, and walk-in closets.
*The fifth bedroom is currently being used as a den/office space.
Seven Bridges is a luxury resort-style community with a 33,000-square-foot clubhouse offering diverse amenities. It includes 13 tennis courts, a full fitness center, indoor and outdoor basketball courts, and an arcade. The pool area features a splash pad, resort-style, and lap pool. The clubhouse has card rooms, event spaces like the Grand Lounge and outdoor pavilion, and the 5-star Prime 7 restaurant. Residents also have the convenience of an on-site Starbucks. In essence, Seven Bridges is the epitome of a luxurious living experience in South Florida.
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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%.
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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.
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017