16840 Matisse Drive
About This Property
DON'T MISS OUT ON THE OPPORTUNITY TO BE THE FIRST TO LIVE IN THIS BEAUTIFUL NEWLY CONSTRUCTED home. Containing roughly 2,000 sq/ft of upgraded outdoor entertainment space! Sitting in one of the most exclusive neighborhoods in Palm Beach County! Enjoy elegant estate living in this magnificent home located in the prominent South Florida GL community, Seven Bridges.
This contemporary Palazzo model features 6BR, 7.5BA, an ELEVATOR, a great/family loft, mudroom, Home theatre and game-room. State of the art Chef's Kitchen is stunning with a 36'' gas range, BOSCH, SubZero & Wolf appliances. A double walk in pantry & dual inviting and oversized islands makes it a Chef's dream. 400k in upgrades!
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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.
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017