229 Cypress Drive
About This Property
Discover an inviting open floor plan that seamlessly connects the living, dining, and kitchen areas. The spacious layout lends itself perfectly to gatherings and relaxation, creating a warm and welcoming atmosphere for all complete with a custom built electric fireplace. The fully fenced yard offers a safe haven for both loved ones and furry friends and is completed by an 8 zone sprinkler system and professional landscaping with underground electric lighting.
Occupying over a quarter-acre lot, the property provides ample space and plenty of room for a pool if you desire. A dedicated side yard offers the convenience of RV or boat storage within the fence, so bring all of your toys and know they are always secure on your property.
The home rests within walking distance to Kelsey Park, where serene landscapes and recreational amenities await just a leisurely stroll away. For boating enthusiasts, quick access to boat ramps and the Intracoastal Waterway guarantees endless days of fun on the water. Pristine South Florida beaches are just minutes from your doorstep, promising sun-soaked relaxation.
Distinguished as the only new construction home available in Lake Park, FL, this residence reflects your discerning taste and desire for modern living. The farmhouse inspired design captures traditional charm while seamlessly integrating contemporary comforts. The split floor plan enhances privacy, with the primary suite thoughtfully separated from the secondary bedrooms for a harmonious living experience. The primary suite was blissfully created with a spacious bathroom marked by a gorgeous soaking tub, separate shower with built in accented shelving and a double vanity. Farmhouse sliding doors welcome you into the first of two walk-in closets each complete with built ins. The other bedrooms and bathrooms will not disappoint with spacious footprints, walk-in closets with built ins, another dual vanity and even a bonus half bathroom right off the garage for convenience.
An exquisite fireplace serves as the centerpiece, adding both warmth and ambiance to the living area. The Kitchen boasts granite countertops, stainless steel appliances, exposed wood beam shelving, soft close cabinets and drawers, farmhouse sink, walk-in pantry, custom built wood range hood and more!
This is your chance to own a masterpiece that fuses timeless design, an enviable location, and exceptional features. Don't miss out on the opportunity to make this remarkable new construction home your own. Schedule your private tour today and immerse yourself in the epitome of Lake Park luxury living. OPEN HOUSE: Saturday, September 2 from 11:00am - 2:00pm! Don't miss it!
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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 |
|---|---|---|---|
| Oct 13, 2023 | Sold | ||
| Sold | |||
| Aug 26, 2023 | Listed by Heyward + Company Real Estate | $679,900 | |
| Listed by Heyward + Company Real Estate | |||
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About Kelsey City
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017