2189 Driftwood Circle
About This Property
Step outside to your private oasis, where a sparkling saltwater pool equipped with a heating and cooling system awaits surrounded by lush tropical landscaping for year-round swimming. Enjoy leisurely afternoons lounging on the sun-drenched terrace or hosting alfresco dinners under the stars. For the boating enthusiast, this property offers 100 feet of waterfrontage, complete with a private dock and ocean access with no fixed bridges. Spend your days exploring the tranquil waterways or embarking on adventures along the scenic Intracoastal Waterway and beyond. Boasting a covered boat lift for your center console or flats boat to keep protected from the South FL sun. Premiere dockage and access with no fixed bridge and a recently dredged canal. 50 AMP service as well as water available at the dock. Recently installed whole house automatic generator aids in the ease of living at 2189 Driftwood. After a day of sun and sea, retire to the luxurious primary suite, with water views and en-suite bathroom that create a serene retreat. Of the two additional bedrooms one is currently being used as a gym and the other has been converted to a closet. Conveniently situated in Palm Beach Gardens, residents enjoy easy access to world-class shopping, dining, and entertainment options, as well as championship golf courses and pristine beaches just moments away.
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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 Maheu
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017