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2443 Edgewater Drive
About This Property
Inside, an open-concept floor plan creates a natural flow between the spacious living and dining areas, where abundant natural light and expansive windows bring the surrounding water views into focus. Distinctive wood interiors throughout the entire home offer warmth, character, and a unique architectural appeal, with no drywall anywhere in the residence.
The kitchen and adjoining gathering spaces are designed for effortless entertaining and everyday enjoyment, while sliding glass doors provide a seamless transition to the outdoor living areas.
The primary suite offers a peaceful escape, complete with tranquil water views and a spa-inspired bathroom. Two additional guest bedrooms and bathrooms provide comfortable accommodations for family and visiting guests.
The property has undergone substantial improvements, offering added value and peace of mind. Highlights include a brand-new metal roof, completely updated electrical and plumbing in 2023, an impressive new seawall representing approximately $200,000 in investment, and a new dock with an additional $50,000 investment.
Outside, embrace the quintessential South Florida lifestyle. A private tiki hut creates an inviting setting for morning coffee, afternoon relaxation, or sunset cocktails overlooking the water. Enjoy the peaceful waterfront surroundings, with opportunities for boating, paddleboarding, and simply taking in the beauty of canal-side living. With the substantial seawall and dock improvements, the waterfront setting is as appealing as the home itself.
Conveniently located just minutes from championship golf, beautiful beaches, upscale shopping, and exceptional dining, this Palm Beach Gardens residence offers a wonderful combination of waterfront tranquility, distinctive character, significant improvements, and convenient access to everything South Florida has to offer.
A truly special waterfront retreat where thoughtful improvements meet the relaxed sophistication of South Florida living.
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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%.
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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.
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 |
|---|---|---|---|
| Nov 7, 2026 | Listed by Sutter & Nugent LLC | $3,750,000 | |
| Listed by Sutter & Nugent LLC | |||
| Aug 30, 2022 | Sold | ||
| Sold | |||
| Jul 5, 2022 | Listed by Sutter & Nugent LLC | $2,500,000 | |
| Listed by Sutter & Nugent LLC | |||
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About Maheu
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017