221 Orange Tree Drive
About This Property
Designed for flexibility, the home features two primary suites-a thoughtful layout ideal for hosting guests or accommodating multigenerational living. The kitchen serves as the heart of the home, showcasing stainless-steel appliances, a convenient snack bar with pass-through window, and a welcoming eat-in area that makes everyday living both functional and enjoyable. A dedicated water filtration system at the sink adds practicality, while custom Hunter Douglas blinds throughout lend a nice finishing touch.
A versatile bonus room/office, accessible from both the primary suite and the lanai, offers a private space for work, creativity, or relaxation. One of the primary suites includes a built-in vanity within the bedroom, adding a touch of function and convenience.
Step outside to an oversized screened lanaiperfect for entertaining or simply enjoying Florida's gentle breezes. The fully fenced backyard provides privacy amid lush landscaping with ample room to add a pool if desired. The home's newer roof provides peace of mind, while the automatic, zoned sprinkler systemfed by a private wellkeeps the grounds vibrant year-round.
For peace of mind, the home offers comprehensive storm protection throughout, including a reinforced front entry and other thoughtful safeguards. A portable generator with a dedicated disconnect breaker ensures the entire home can stay powered during storms, offering comfort and preparedness in any weather.
Additional highlights include natural gas service, a newer tankless water heater, a newer air conditioning system, ensuring efficient comfort in every corner of the home.
Beyond the property itself, the City of Atlantis offers a lifestyle unlike any other. This vibrant, gated community is renowned for its non-mandatory country club membership options, featuring two award-winning golf courses, beautiful tree-lined streets, and a strong sense of community. Residents enjoy a lively social calendar with events such as the Spring Fling, Independence Day fireworks, Halloween festivities, a holiday golf-cart parade, and the beloved Christmas tree-burning celebration.
Kintz Park serves as a community hub, offering pickleball, tennis, and basketball courts, a shaded pavilion for gatherings, and a children's water park. The city is entirely self-contained, with its own city hall and police department, providing residents with peace of mind and small-town charmall just minutes from the world-class shopping, dining, and beaches of Palm Beach County, and a short drive to Palm Beach International Airport.
This home offers the perfect blend of practicality, charm, and lifestyle In Atlantis, it's not just a homeit's a way of life waiting to be enjoyed.
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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.
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About Atlantis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017