19700 SE Mack Dairy Road
About This Property
Re-imagine luxury living with this impeccable 30-acre property and the immaculate lifestyle it offers, or combine the adjacent 20-acre parcel for an unheard of 50-acre exceptional South Florida estate. Tucked into the exquisite gated community of Ranch Colony, no feature or comfort was spared in the careful construction of this sprawling Mediterranean-style paradise. Old-world ambiance and classical details are perfectly paired with modern convenience and technology for ultimate luxury. Indoor-outdoor entertaining has never been easier than within its spacious alfresco living areas, like the first floor great room with retractable screen loggia opening to a pier on the property's private four-acre fishing lake. Look out at the sprawling acreage from the third-floor observation lounge with its massive covered deck, balcony, and full bar. The fully-fitted main kitchen, second chef's kitchen, and summer kitchen offer flexible options for entertaining. Wade into the spectacular heated salt-water pool, sip drinks at the poolside indoor-outdoor bar, or wander the lush gardens and emerald grass down to the guest house or highly adaptable barn structure. This property allows for great versatility. The stable can easily be converted into a second home or a common recreation/theater/entertainment center supporting additional custom homes on open land while maintaining privacy, the ultimate family compound. This structure would also make a great studio for art, music, and other forms of entertainment. For the auto enthusiast, due to the structural expansion capability, these facilities could easily be converted into showroom space housing 25 vehicles or more with generous shop and restoration space.
Additional highlights of the five-bedroom home include a dining room, a family and billiards room, a 1,000-bottle wine cellar, a luxurious ground-level master suite, and a lounge and terrace enjoying sweeping views of the property. Home and main buildings are built at an elevation to eliminate flood risk with the highest hurricane impact construction standards exceeding Miami/Dade Hurricane Codes. Concrete and rebar poured roof and floor systems plus two commercial diesel generators provide for a safe, self-contained and secured property. This unique construction is found in less than 1% of the residential homes in Florida and represents a SUBSTANTIAL value versus replacement costs. Ranch Colony is surrounded by nature preserves spanning more than 20,000 acres, affording access to parks and horseback riding trails. It could accommodate a variety of activities and pursuits, e.g. space for tennis courts. Superior golfing is steps away at the world-renowned Dye Preserve, which adjoins the property to the west. Restaurants, shops, theater, and other cultural attractions of Palm Beach, Jupiter, Palm Beach Gardens, PGA, West Palm Beach and Palm Beach International Airport as well as the diverse equestrian and social activities of Wellington are nearby.
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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 |
|---|---|---|---|
| May 13, 2021 | Sold | ||
| Sold | |||
| Aug 6, 2020 | No longer available | - | |
| No longer available | |||
| Aug 1, 2020 | Listed by Sotheby's Intl. Realty, Inc. | $7,000,000 | |
| Listed by Sotheby's Intl. Realty, Inc. | |||
| Dec 13, 2019 | Listed | $15,295,000 | |
| Listed | |||
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In the desirable gated community of Ranch Colony, sits one of southern Florida's most exceptional properties. The current property is 50 +/- acres in total, however, subdivision plan approval is pending for a 30 acre lot with improvements and an adjoining 20 acre unimproved lot. The improved lot may be purchased for $13,995,000 and the unimproved lot may be purchased for $1,300,000. Individual lot sales are subject to final subdivision plan approval. The improved 30 acre lot includes a majestic Mediterranean-inspired residence overlooking a private four-acre lake. The property features a heated saltwater pool, a guesthouse, currently an eight-stall barn with living quarters, a riding and jumping arena, eight turnout paddocks, three turnout structures, and riding trails winding through The manager has listed the unit size as 19538 square feet.
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| Sep 20, 2004 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017