2763 Calais Drive
About This Property
7,003 SF of air conditioned space with six bedrooms, eight full baths, two half baths, library, media room, exercise room with sauna, 34kw generator, and three car garage, this signature property presents the finest in luxury living in the northern Palm Beaches.
Situated in northern Palm Beach County, Florida on 720 acres with 606 residents, Frenchman's Creek is one of the finest luxury communities in the area that boasts 36 holes of championship golf, a 90,000 SF clubhouse, 16 Har-Tru tennis courts including lighted and stadium courts, a state-of-the-art 24,000 SF fitness center with spa, resort style community pool and lap pool, and best yet, a private oceanfront Beach Club.
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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 |
|---|---|---|---|
| Dec 27, 2023 | Sold | ||
| Sold | |||
| Jul 18, 2023 | Listed by Illustrated Properties LLC (Co | $8,700,000 | |
| Listed by Illustrated Properties LLC (Co | |||
| Apr 30, 2019 | Sold | ||
| Sold | |||
| Nov 19, 2018 | Listed by Illustrated Properties LLC (Co | $3,295,000 | |
| Listed by Illustrated Properties LLC (Co | |||
| Jan 7, 2016 | Sold | ||
| Sold | |||
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About Frenchmans Creek
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017