Welcome to198 Cypress Trace, a beautifully updated waterfront pool
home where space, flexibility and privacy come together perfectly.
Situated on one of the larger lots within the gated Estates of
Royal Palm Beach, this impressive 4-bedroom, 3-bath residence with
a separate den offers a highly desirable 3-way split floor plan,
creating the ideal setup for families, multigenerational living,
extended family or overnight guests. Beautiful curb appeal and an
inviting exterior make a wonderful first impression. Inside,
soaring ceilings, abundant natural light and expansive sliding
glass doors create a bright, open feel while drawing your eye to
the private pool and lush backyard beyond. The thoughtfully
designed floor plan is one of this home's standout features. With
three separate bedroom areas, family members and guests can enjoy
both connection and privacy. The additional den provides even more
flexibility and can easily serve as a home office, playroom, media
room, homeschool space or additional living area. At the
heart of the home, the kitchen offers generous cabinetry, ample
counter space and breakfast-bar seating, opening seamlessly to the
main living areas for easy everyday living and entertaining.
Step outside to your own private backyard
retreat. The large, fully fenced yard features a private pool,
expansive covered patio, generous green space and an additional
side yard-offering plenty of room to relax, entertain and play.
Mature tropical landscaping enhances the sense of privacy and
creates a beautiful backdrop for outdoor living. Backing to a
peaceful canal, the oversized waterfront lot offers both beautiful
views and the potential for a future dock, providing an exciting
opportunity to further enhance the waterfront lifestyle. With its
private pool, spacious fenced yard, canal frontage and room to
spread out, this backyard is a rare combination of privacy, space
and possibility. Located within the gated
Estates of Royal Palm Beach, this home offers the perfect
combination of privacy, convenience and an exceptional South
Florida lifestyle. The community is ideally positioned near highly
regarded schools, major hospitals and medical facilities, shopping,
dining and everyday conveniences, while also providing easy access
to Wellington's world-renowned equestrian and polo venues. With
nearby parks, recreation and convenient connections to major
roadways, residents enjoy quick access throughout Palm Beach County
while still coming home to the peaceful, established setting of The
Estates.
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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