TOTALLY UPGRADED SINGLE STORY SANTO MODEL! 3BR PLUS OFFICE/
DEN/POSSIBLE 4TH BR, 3 1/2 BATH, 3 CAR GARAGE POOL HOME ON A
BREATHTAKING LAKE LOT! GOURMET KITCHEN HAS UPGRADED QUARTZ
COUNTERTOPS W/ AN ENLARGED CENTER ISLAND. GREAT ROOM HAS A CUSTOM
BUILT IN WALL UNIT. ALL BATHS HAVE UPGRADED TILE THAT GOES
ALL THE WAY UP TO THE CEILINGS IN THE SHOWERS & FRAMED MIRRORS TO
THE CEILING. HOME HAS 24/24 MUDSET PORCELAIN TILE. BEDROOMS
HAVE WOOD FLOORS. OFFICE HAS BUILT IN UNIT W/ DESK. OTHER
UPGRADES INCLUDE: 26 KW GENERATOR, BUILT IN CLOSETS, ELECTRIC
BLINDS, 2 ELECTRIC PANELS, (400 AMPS), UPGRADED DAIKIN A/C,
UPGRADED WASHER & DRYER ON PEDASTALS, POCKET DOORS, WOOD ACRYLIC
ACCENTS ON ARCH WAY & WALLS, DESIGNER WALLPAPER, IMPACT GLASS
WINDOWS & DOORS, & GAS APPLIANCES. **HIT MORE** THE
BACKYARD IS AN ENTERTAINERS DREAM! THERE IS A 46 FT HEATED,
SALT WATER LAP POOL W/ SPA, SUMMER KITCHEN W/ A HIBACHI
GRILL, RETRACTABLE SCREEN, & AN ELECTRIC AWNING. LOTUS
OFFERS CONTEMPORARY LUXURY LIVING! HERE IS YOUR OPPORTUNITY TO HAVE
COUNTRY CLUB LIVING W/OUT THE COUNTRY CLUB FEES. EXPERIENCE THE
TREMENDOUS LIFESTYLE AND ENJOY ALL THE AMENITIES THAT LOTUS HAS TO
OFFER! BEAUTIFUL 26,000 SQUARE FOOT CLUBHOUSE INCLUDING A DECORATED
EVENT ROOM W/ A BAR FOR RESIDENTS TO RELAX & ENJOY, STATE OF THE
ART FITNESS CENTER, EXERCISE STUDIO, INDOOR SPORTS COURT, LOCKER
ROOMS W/ SHOWERS, CARD ROOM, GAME ROOM, & PLAY ROOM. SITE AMENITIES
INCLUDE AN OUTDOOR RESTAURANT W/ BAR, HEATED RESORT STYLE BEACH
ENTRY POOL, WHIRLPOOL, LAP POOL, POOLSIDE CABANA AND BATHS,
WATERPARK, SHADED PLAYGROUND, OUTDOOR BASKETBALL COURT, 8 LIGHTED
CLAY TENNIS COURTS , 1 HARD COURT, & 6 PICKLEBALL COURTS W/ AN
ONSITE PRO! THERE IS ALSO A SOCIAL DIRECTOR MANAGING SOCIAL CLUBS &
ORGANIZATIONS. LOTUS IS ZONED FOR A RATED SCHOOLS! MINUTES FROM
DELRAY MARKETPLACE, DOWNTOWN DELRAY, BEACHES, & RESTAURANTS!
**TO GET A MORE IN-DEPTH DESCRIPTION & VIDEO OF THE HOME,
CLICK ON VIRTUAL TOUR & IT WILL LEAD YOU TO THE MATTERPORT 3-D
TOUR. YOU WILL BE ABLE TO SEE EVERYTHING AS IF YOU ARE THERE
IN PERSON**
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.
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