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16710 Picardy Way
About This Property
The second floor provides an opulent master retreat, 2 additional bedrooms with and en-suite baths and a spacious loft with a custom media center.
This home is the pinnacle of luxury with a custom 6" x 12" Marble staggered pattern driveway and walkway, impact glass French entry door, intercom system, impact windows, a wood and stainless-steel transitional stair rail and a gas stub out for future pool/ spa heater.
Seven Bridges is the ultimate luxury community with a multitude of first-class amenities. The tremendous 30,000 square foot clubhouse offers a fitness center, fitness studio, indoor sports court, card rooms, a game room, a mutli-purpose room, saunas and a lounge. Soak up some sunshine at the resort style pool, spa or poolside bistro. Seven Bridges offers activities to keep the whole family happy and healthy with a basketball court, 12 Har-Tru tennis courts, an aqua lot and a shaded playground.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Apr 16, 2024 | Listed by Compass Florida LLC | $2,150,000 | |
| Listed by Compass Florida LLC | |||
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Designer-decorated and fully furnished by Marc Michaels Interiors, this Somerset model home is ideally situated on an oversized lakefront lot in Seven Bridges' model row cul-de-sac. Highlights include: 2-story living room with custom feature wall, electric fireplace and wet bar; chef's kitchen with level VI cabinets and breakfast nook with built in banquette; exquisite millwork, ceiling details, contemporary light fixtures and custom window treatments. The backyard has a stunning heated saltwater pool/spa with sand-blasted marble pavers - a setting allowing for the best indoor/outdoor Florida lifestyle. Luxury living is redefined at Seven Bridges where residents have access to world class amenities including a restaurant, 3 pools, elite tennis program with 13 courts and fitness classes.
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| May 26, 2021 | Sold | ||
| Sold | |||
| Sep 6, 2019 | Sold | ||
| Sold | |||
| Mar 12, 2019 | Listed by RE/MAX Direct | $1,199,900 | |
| Listed by RE/MAX Direct | |||
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017