23397 Lago Mar Circle
About This Property
ADDITIONAL NOTES OF INTEREST:
Built in 1987, with the 2nd floor addition done in 1994.
INTERIOR:
Fully refurbished 5 Bed/3 Baths w/the 5th bedroom now as a media room/Ceiling Height: 8' throughout (except the living room at 18.5')/Impact rated glass throughout/Hurricane rated entrance doors & garage doors- (full windstorm mitigation credits available)/2 Zone HVAC - 5 ton Rheem High Efficiency Class Plus (variable speed) (2017) and Goodman _X_ ton (20__)/Open-Cell Spray Polyurethane Foam Insulation (in both upper & lower attics)/
Working Fireplace.
PRIMARY BEDROOM:(located on the 2nd floor/currently used as a home office)/Berber carpet from stairs to bedroom w/ a small side office/Matching wood desk w/ Turquoise-Green polished desktop/
Large walk-in closet.
PRIMARY BATH: Turquoise-Green polished Granite Countertop/
Dual Travertine Vessel Sinks/Separate Walk-in Shower and Bathtub/Linen Closet.
KITCHEN: Fully re-configured & updated/
Stainless Steel Package/Baltic Brown Granite Countertops/
Maple Cabinetry/KitchenAid Electric Cooktop/GE Monogram Vented Hood/KitchenAid Dishwasher/Frigidaire Wall Oven & Microwave/
SubZero 690, Large Side by Side, 18.2 cu/ft refrigerator
and 9.8 cu. ft freezer/Refrigerator has an ice & water dispenser in the door/Co2 Beverage Dispenser w/34-degree iced water for making fountain quality carbonated beverages/Accepts all name brand syrups (Coke, Pepsi, etc.)/Two 20lb Co2 tanks with automatic switch-over (leased from Broward Nelson at $12 per month).
ADDITIONAL AMENITIES:
Generac 16KW Whole House Standby Generator/400 gallon in-ground liquid propane tank/1st Floor Central Vac/
225-Gallon Freshwater Planted Aquarium measuring
10 x 8 with an additional 100-gallon sump pump for
self-water changing system.
GARAGE:
1-½ hp Craftsman Door Opener with MY Q Controller and App/
Poured Epoxy Garage Floor/Floor to ceiling cabinets/Aluminum pull-down attic ladder/8' Butcher Block Wood Workbench/Utility Sink/60-Gal water heater/Newer LG Washer/Dryer.
EXTERIOR:
Diamond Brite pool refinished in 2022/New skimmer/New pumps.
Ivory travertine Paver Pool Deck & Driveway/Aluminum and Red Cedar Pool Fence/Patina green metal roof, 1-½ standing seam/
Low Voltage LED Landscape Lighting/
Trees:
Gumbo Limbo, Silver Buttonwood, Ponytail Palm, Palmetto Palms
Shrubs:
Seminole Dombeya, Panama Rose, Coco Plum, Calusia, Buddha Belly Bamboo, Firebush, Cat Palms, Orange Jasmine
Plants:
Native Bahamian Coffee Plants, Dwarf Mondo Grass, Queen Emma's Lilies, Thryallis, Borneo Elephant Ear, Milkweed, Porter Weed, Assorted Bromeliads and Aroids.
Yard Irrigation System:3 controllers with multi-zone
MISCELLANEOUS:
Ethernet hardwired to most rooms w/ Netgear NightHawk Router & Cisco 620 48-port POE switch/12 camera outdoor security system
(w/ one wireless portable PTZ camera)/24/7 recording plus alerts/ 60+ days recording capacity.
SELLER FAVORITE THINGS ABOUT THE PROPERTY and NEIGHBORHOOD:
All the Landscaping with the boulder & stone accents.
Great house to entertain and raise kids.
The spacious corner lot with the Coco Plum privacy hedge.
The large, arched living room window views of the grounds and to the roof trellis w/plenty of butterfly plants.
Large 2 car garage with floor to ceiling cabinets.
Butcher Block worktable.
Plenty of closet and kitchen cabinet space.
There's no through traffic so it is very quiet, and safe for children.
Not much turnover in neighbors.
Zoned for A-Rated Schools at all levels.
There are so many great restaurants all around.
Easy access to I-95 via Palmetto Park Rd or Hillsboro Blvd.
10-Minute Drive to the Beautiful Boca Beaches.
Equidistant to either West Palm Beach or Ft. Lauderdale Airports.
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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 Boca Del Mar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017