2609 Cheyenne Circle
About This Property
Designed with the perfect combination of casual living and sophisticated entertaining, this enchanting home is awash with sunlight and natural hues, soaring ceilings, wood and marble floors, Plantation shutters, crown molding and LED lighting throughout. Impressive upon entry, this open floor plan has rich wood floors in main living areas, decorative tile inlay at foyer, and enhanced crown and wall molding in formal living and dining rooms.
Incredible chef's kitchen is perfectly equipped with marble floors, custom wood cabinets, granite counter tops, Viking 6-burner gas cooktop with decorative hood cover, Dacor double ovens, built-in Miele espresso machine, and oversized Sub-Zero refrigerator. Expansive kitchen island with tons of cabinets, 2nd sink, wine refrigerator, and extended granite counter/breakfast bar for ample seating.
Grand master suite with incredible ceiling design, exquisite chandelier, and French doors leading out to pool and patio that allow for tremendous natural light. Massive walk-in closet with separate his and her built-ins and dressing area. Luxurious spa-like master bath boasts dual vanities and sinks, LED lighting, Quartz counter tops, oversized walk-in shower with Rain head and hand-held shower heads.
Both family members and guests will enjoy 2 generous guest rooms with plush carpeting and walk-in closets, joined by updated Jack and Jill baths with dual sinks, custom vanity, and full combination tub/shower. Spacious laundry room with wood cabinets, granite counters, and oversized front load LG washer and dryer.
Bask in your stunning outdoor paradise! Tremendous backyard with both covered and open patios, equipped with heated pool and spa. This incredibly private expansive lot is completely fenced and surrounded by meticulously kept landscaping, yet fully accessible onto the cart path overlooking sweeping golf views.
Additional upgrades include NEST thermostats, dual zoned a/c units, RING doorbell, security system,
500 gallon buried gas tank and whole house generator.
Along with the astounding views and incredible backyard, you'll discover the many upgrades and extras that truly separates this home from above rest.
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 |
|---|---|---|---|
| May 10, 2022 | Sold | ||
| Sold | |||
| Feb 22, 2022 | Listed by Village Realty Group LLC | $1,950,000 | |
| Listed by Village Realty Group LLC | |||
| Feb 11, 2015 | Sold | ||
| Sold | |||
| Sep 29, 2014 | Listed by Village Realty Group LLC | $799,000 | |
| Listed by Village Realty Group LLC | |||
| May 30, 2001 | 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