1771 Thatch Palm Drive
About This Property
The backyard is the property's crown jewel, with a tremendous salt-chlorinated pool and spa featuring water jets and a sun shelf. The summer room spans the entire length of the home and includes a designer fireplace and gorgeous summer kitchen. Smart Crestron controls allow you to easily manage every aspect of the home, from lights to music to security cameras. Experience the ultimate in refined golf course living, where every detail has been meticulously designed for the discerning buyer. Take this exclusive opportunity to own a piece of paradise.
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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 |
|---|---|---|---|
| Aug 7, 2023 | Sold | ||
| Sold | |||
| Jul 2, 2023 | No longer available | - | |
| No longer available | |||
| Jun 30, 2023 | Listed by Royal Palm Properties LLC | $8,970,000 | |
| Listed by Royal Palm Properties LLC | |||
| Jun 17, 2023 | No longer available | - | |
| No longer available | |||
| Jun 16, 2023 | Listed by Coldwell Banker | $8,970,000 | |
| Listed by Coldwell Banker | |||
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Presenting 1771 Thatch Palm Drive, an exquisite Signature Estate crafted by SRD Building Corp. This elegant residence is situated on an oversized sized lot overlooking the renowned Jack Nicklaus Signature golf course within Royal Palm Yacht & Country Club. As you enter the grand two-story foyer, you are greeted by over 7,500 square feet of living space adorned with luxurious marble accents and bespoke wood detailing, exuding an atmosphere of refinement and sophistication.The chef's kitchen is a masterpiece, equipped with top-of-the-line integrated appliances, European-style cabinetry, a substantial center island, and imported quartz countertops with a waterfall edge. The manager has listed the unit size as 7571 square feet.
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About Royal Palm Yacht and Country Club
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Royal Palm Properties LLC
Last Updated: 9 months ago
Data Source: Beaches MLS, MLS# R10901100
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017