2703 NW 71st Boulevard
About This Property
Designed for entertaining & relaxation, the home includes custom lighting in the family room, a cozy breakfast area overlooking the infinity saltwater heated pool & spa, & a summer kitchen with a covered lanai. The second level offers a second master bedroom with a private balcony and stunning lake views, as well as three guest bedrooms, a loft, and a theater room. The home also boasts a $120,000 custom Crestron home automation system that controls the audio/visual, sound, temperature, blinds, drapes, lights, & security cameras.
Additional features of the property include a full-house generator, a full-house Allini Systems water-organize filtration system, a three-car garage with custom built-ins, & masterful landscaping with a water fountain. The Royal Palm Polo community provides excellent amenities, such as a tennis center with six har-tru courts, including one pickleball court and one stadium court, a half-court basketball court, & a children's playground. The 5,000 sq ft clubhouse offers a state-of-the-art fitness center & a resort-style outdoor bar, spa, pool, & BBQ area. This remarkable home is located just a few miles from beautiful beaches & top-rated public & private schools, making it the ultimate retreat for relaxation & entertainment.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 2, 2023 | Sold | ||
| Sold | |||
| Feb 24, 2023 | No longer available | - | |
| No longer available | |||
| Feb 23, 2023 | Listed by Compass Florida LLC | $4,650,000 | |
| Listed by Compass Florida LLC | |||
| Feb 2, 2023 | Price Decreased |
$4,750,000
↓ $245K
(4.9%) | |
| Price Decreased | |||
| Jan 18, 2023 | Price Decreased |
$4,995,000
↓ $255K
(4.9%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Status
Price/ft²
Listed On
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017