1857 Sabal Palm Circle
About This Property
Take the elevator or floating staircase upstairs and experience a cozy living room and 4 bedroom suites. The Master Bedroom is spectacular with separate his & hers bathrooms and features 2 custom outfitted walk-in closets and 2 terraces. The 3 guest bedroom suites are ideally located for family and guests. Relax in your private backyard under the covered loggia and enjoy entertaining with the fully equipped summer kitchen featuring a built-in BBQ, beverage center and bar seating. You can watch your favorite game on the Sunbrite TV or enjoy a conversation around the fire pit. The heated resort style pool with a swim-out bench features water sprays and negative-edge spa.
This smart home offers a Crestron System with Remote Phone & Tablet Controls, Electric Shades & Central Vacuum, a Whole House Audio System, a Vantage One Touch Lighting System, a State-Of-The-Art Monitored Security System with Cellular Repeater. There is a Whole House Natural Gas Back Up Generator
This elegant home is being sold fully furnished with some accessory exclusions. A detailed inventory is available upon request. The interior finishes were designed and executed by P & H Interiors. No detail has been overlooked. This luxurious home offers the comfort and security of living in East Boca's most prestigious community. It's perfect for entertaining or enjoying family gatherings.
Royal Palm Yacht and Country Club is comprised of 742 lots with 680 homes. Royal Palm is a limited access community. They employ over 20 full-time security officers to insure the safety of the neighborhood. The HOA also insures that all homes are built and maintained in accordance with the standards the residents expect. The HOA fee is an annual fee of $3,580, paid on July 1st. The HOA application fee is $2,000 and there is an orientation with RPIA. Membership to the Club is completely separate and not affiliated with home ownership.
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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.
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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 Royal Palm Yacht and Country Club
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017