18603 Harbor Light Way
About This Property
** Hot water heater replaced 2019
** Roof is original but has always been meticulously maintained.
**The Shores at Boca Raton is a guard-gated community w/clubhouse, state-of-the-art fitness center, heated pool & spa, basketball court, children's playroom and recently expanded tot lot w/covered play area. Lots of tennis players in the Shores enjoy the four courts taking lessons from visiting tennis pros and playing with their friends. There's a yoga class, golf club and holiday parties throughout the year. The 860-acre Burt Aaronson South County Regional Park is across from entrance to the community and has amphitheater, nature center, water park, lighted athletic fields, boat launch, dog parks and countless trails to walk and bike. Shores golfers enjoy the nearby Osprey Point 27 Hole Golf Course. The Shores HOA is fiscally prudent with reserves and an excellent balance sheet. At closing, Buyers make a one-time Capital Contribution to the HOA reserves equal to one-quarter's maintenance. The Shores HOA permits renting in the first year of ownership for a minimum of 365 days and it permits residents to have a maximum of two pets (any size). All Shores Buyers must put down a minimum of 10% if they are obtaining financing. Note that some community amenities and activities may be temporarily restricted due to Covid-CDC guidance.
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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 |
|---|---|---|---|
| Jun 2, 2021 | Sold | ||
| Sold | |||
| Apr 24, 2021 | Listed by RE/MAX Services | $684,900 | |
| Listed by RE/MAX Services | |||
| May 27, 2020 | No longer available | - | |
| No longer available | |||
| May 6, 2020 | Listed | $598,500 | |
| Listed | |||
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CHECK OUT NEW PHOTOS!!! Beautiful home in a fabulous gated west Boca community! Lovingly cared for with many upgrades and custom features: REMODELED kitchen and baths, wood floors, tasteful colors throughout, elegant appointments include granite kitchen with SS appliances, gorgeous baths, and so much more. HUGE upstairs master suite has 2 giant walk-in closets and enjoys peaceful lake view. There are three guest bedrooms , full bath and 15x12 loft upstairs. Downstairs has very flexible bedroom w/ensuite shower bath. Could be guest suite, playroom or home office. Enjoy lakefront living with enclosed porch, fenced yard and expanded patio. Newer A/C units, H/W heater. For more details about the home, the Shores and local schools, click here The manager has listed the unit size as 3366 square feet.
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| Mar 15, 2019 | No longer available | - | |
| No longer available | |||
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About Shores at Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017