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21677 El Bosque Way
About This Property
This newly renovated Victorian home was designed by Kunik & Associate Architects. As you enter through the gated entrance, leading you to a 10,800 SqFt total living space, you'll find a detached guest quarter, a spacious gym and 5 car garage. The estate is complete with 7 bedrooms, each with its own bathroom, and a total of 9 bathrooms, including a powder bath. The primary suite is a lavish retreat, boasting a sitting area, a generous master closet, an en-suite bathroom with picturesque vistas of the beautiful landscape.
The main level features an open floor concept, connecting the chef's kitchen to the living room and the formal dining room, creating an ideal space for entertainment, beautiful custom wood built-in library office and a five-car garage.
Embracing outdoor living, the property offers resort style amenities, including breathtaking panoramic views of the green fields, a saltwater pool and spa, a summer kitchen, a large louvered gazebo, and a large pond filled with vibrant Koi fish. The estate also offers a well water filtration system for added convenience, along with impact glass windows and doors, and an alarm system to ensure both security and tranquility.
Boca Grande's idyllic location is in close proximity to prestigious private schools, the vibrant downtown of Boca Raton, Mizner Park District, the renowned Boca Raton Resort & Club, and the beautiful beaches of Delray and Deerfield. With a private executive airport nearby and easy access to Palm Beach Airport and Fort Lauderdale International Airport.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017