Exceptional lakefront living with 76' of waterfront and
breathtaking long lake views! This 6BR/5.5BA Olympia residence
offers 4,168 SF of A/C living space plus a unique 336 SF custom
outdoor living addition (14' x 24') integrated into the home's
trussed structure, this impressive room-sized space features
ceiling fans, lighting and beautiful lake views, creating an
exceptional extension of the home's living and entertaining space.
The outdoor area also features a custom BBQ/pool bar, perfect for
entertaining. Heated pool, 3-car garage, screened primary balcony
and solid concrete construction. Recent updates: NEW Trane A/C
(first floor) +12-year transferable warranty, UV Light + Ecobee
T-stat, NEW flooring on stairs, loft, all upstairs bedrooms +
transferable warranty. Freshly painted interior - stairway, loft,
laundry room and upstairs guest bedrooms, NEW cooktop and NEW
KitchenAid vented microwave, plus freshly painted three garage
doors and double front entry doors. The home presents a clean,
fresh and move-in-ready feel. Ideally situated near
Wellington's premier equestrian venues and polo, with convenient
access to shopping, dining, recreation and the airport. Walk/bike
to A-rated Equestrian Trails Elementary and Emerald Cove Middle
School, plus a quick bike ride to Palm Beach Central High School.
A rare opportunity to embrace an exceptional Wellington
lifestyle, where serene lakefront living, expansive outdoor
entertaining, walking to A-rated schools, and an outstanding
location come together in one truly special setting.
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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