2500 Tecumseh Drive
About This Property
This beautiful home is awash with sunlight and natural hues, soaring ceilings, expansive living areas including formal dining and living rooms with custom ceiling detail, tile floors (no carpet!), Plantation shutters and LED lighting.
Impressive gourmet kitchen equipped with an abundance of custom cabinetry, under cabinet lighting, Calcutta Quartz countertops with separate island, new GE Whirlpool double oven,
5-burner cooktop, and extensive decorative Subway tile backsplash.
Cozy breakfast area and huge family room feature custom built-in entertainment center, and zero corner sliders that lead out to your elongated covered and screened patio to create a dramatic indoor/outdoor connection.
Oversized primary suite nestled in its own wing with engineered wood floors, decorative ceilings, separate sitting area with private entry to the patio, and his and her walk-in closets with custom built-ins. Luxurious master bath boasts dual vanities, sinks and mirrors, custom lighting, separate shower with Rain and hand held showerheads, and elegant jacuzzi tub surrounded by Plantation shutters and offers tons of natural light.
Family members and guests will enjoy the generous living space of 3 additional bedrooms, renovated Jack and Jill bathroom, and separate guest suite and cabana bath.
This home raises outdoor living to a new level of beauty and enjoyment! Magnificent backyard completely fenced and landscaped, open pool and oversized covered and screened patio, surrounded by brick pavers, sweeping golf course views; the perfect setting for large gatherings and entertaining!
Additional upgrades include spacious office with engineered wood floor, frosted glass door, and impressive Wainscoating; Separate laundry room with oversized front load washer and dryer, and much more!
Live in one of the Palm Beaches most amazing golf course communities WITHOUT having to pay a mandatory membership. Bear Lakes Estates is a 24-hour manned gated community and consists of a private enclave of premier residences. Located on the prestigious and highly sought-after Bear Lakes Golf Course, this desirable neighborhood is minutes away from main highways, restaurants & shops, beaches, Palm Beach Airport, City Place, Clematis Street, the Outlet Mall, FITTEAM Ballpark of the Palm Beaches, Kravis Center for the Performing Arts and more!
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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 |
|---|---|---|---|
| Feb 21, 2024 | Sold | ||
| Sold | |||
| Jan 17, 2024 | Listed by Village Realty Group LLC | $1,595,000 | |
| Listed by Village Realty Group LLC | |||
| Jan 15, 2014 | Sold | ||
| Sold | |||
| Aug 5, 2013 | Listed by Village Realty Group LLC | $699,999 | |
| Listed by Village Realty Group LLC | |||
| May 4, 2007 | Sold | ||
| Sold | |||
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About Villages of Palm Beach Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017