Rarely available home in the boutique community of the Villas of
Bear Lakes Estates North. This lovely, well-tended home
captures the unique South Florida indoor/outdoor lifestyle,
electronically screened patio, L.R. Rowe pool, traditional
Burg & Di Vosta Pullman-style kitchen with granite counter quality
upgrades, stainless appliances; and, elegant custom bathroom
upgrades by "Hermanos Santamaria". Premium Burg &
DiVosta-built home in the Spanish Villa style evocative of
Mediterranean Revival heritage of the Palm Beaches, featuring a
distinctive terracotta roof nestled on an Old Florida park of
mature live oaks, Casia trees, and other traditional South Florida
plantings, with a meticulous, rolling lawn reminiscent of the
classic British/Scottish golf courses. The Villas of Bear
Lakes Estates is a signature Burg & DiVosta 24-7 gated/attended
resort community located in the Villages of Palm Beach Lakes near
the prestigious Bear Lakes Country Club with two 18-hole
championship golf courses designed by the legendary Jack Nicklaus
and currently undergoing a $10M renovation, conveniently located
minutes from City Place, Kravis Center for the Performing Arts,
vibrant Clematis Street, world class Norton Museum, The Breakers
Palm Beach, Worth Avenue, Downtown at the Gardens, fabulous Palm
Beach County beaches, Village Commons, Palm Beach International
Airport, Amtrak, I-95 and the Florida Turnpike. Bear Lakes
Country Club.................................6 Minutes
Village Commons Plaza................................... 8 Minutes
City
Place...........................................................16
Minutes Kravis
Center.....................................................15
Minutes Norton
Museum................................................16 Minutes
The Breakers Palm Beach................................20
Minutes White Elephant Hotel Palm Beach..................19
Minutes The Mar-A-Lago
Club......................................19 Minutes
Amtrak/Tri Rail/Bright Line...............................15
Minutes Palm Beach International
Airport....................14 Minutes The Villages of Palm
Beach Lakes Property Owners Association maintains Perini, Shiloh,
and Saratoga Parks in the Villages, offering large swimming pools,
kiddie pools, softball fields, lighted tennis courts, racquetball
courts, sand volleyball courts, playgrounds, a jogging trail,
picnic areas, tables, charcoal grills, and the new ''Paws Park'' on
Saratoga Road. Discover the Villages of Palm Beach Lakes with its
unique West Palm resort lifestyle. .. And you'll call it home!
Saratoga Bay is a non-mandatory golf membership community; however,
many homeowners are Golf and Social members at the Bear Lakes
Country Club.
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.
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