Located on one of the finest lots in Admiral's Cove, this
signature, turn-key property enjoys endless views of nothing but
water and nature with 115 feet of frontage, directly on the
Intracoastal Waterway. Rebuilt from the ground up in 2012,
then renovated and repurposed by one of the top area builders in
2023, no expense was spared to restore the estate with next level
finishes and the finest craftsmanship. A few of the upgrades
include: painting the entire home inside and out, all new AC
units, reimagined primary suite and den/office, converted 2nd floor
salon and playroom into a VIP guest suite, added custom trim
throughout, all hardwood floors refinished, new Control 4 home
automation system, new Crestron lighting system, new home theatre
equipment and TVs throughout new chandeliers and other light
fixtures throughout, replaced the water heaters, added two sets of
washers and dryers and replaced other appliances, rebuilt
fountains, new pool equipment, resurfaced pool "penny" tiles,
rebuilt summer kitchen, extensive landscaping replacement including
new turf and activities side yard transformed into entertainment
area, new outdoor lighting and LED replacement lighting inside,
replaced gas lines and rebuilt outdoor gas lanterns, and added
custom or curated furniture and window treatments throughout the
home. Admiral's Cove is one of the finest luxury club
communities in the Palm Beaches with the best of everything - 24/7
manned, gated and roving security, championship golf, a private
marina, tennis, swimming, fine dining, kids club, and much more.
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.
Grand Intracoastal Estate Home Unobstructed views of the Intracoastal Waterway and Natural Preserve. The magnificent estate will WOW you from the moment you enter into the gated entrance with turf inlayed pavers and a running water feature with color changing water. Elegance and fine craftmanship are demonstrated throughout the home, extensive use of luxury stones, crafted wood work and exceptional design make this property a one of a kind. Lavish master suite with his and hers baths and closets, morning bar and views of the Intracoastal. 4 guest rooms with private baths in the main house plus a guest house. The guest house is complete with laundry, large bath and kitchenette. The manager has listed the unit size as 10123 square feet.
Jan 25, 2021
No longer available
-
No longer available
Jan 13, 2021
Price Increased
$14,000,000
↑ $1M
(9.8%)
Price Increased
Jan 6, 2021
Listed
$12,750,000
Listed
Intracoastal Masterpiece - This magnificent estate home has an unobstructed view of the Intracoastal and Preserve. Grand foyer entrance with large slab marble floors, custom wood ceiling, Venetian plaster, extensive wood working, no expense was spared. 6 Bedrooms all with private full baths, including a fully equipped guest house with mini kitchen. The moment you enter the drive you know you have entered paradise. This home boasts the best of the best of everything! Home was rebuilt from the foundation up. Truly a masterpiece. The manager has listed the unit size as 10123 square feet.
Jan 1, 2021
No longer available
-
No longer available
Jun 5, 2020
Listed
$12,750,000
Listed
Intracoastal Masterpiece - This magnificent estate home has an unobstructed view of the Intracoastal and Preserve. Grand foyer entrance with large slab marble floors, custom wood ceiling, Venetian plaster, extensive wood working, no expense was spared. 6 Bedrooms all with private full baths, including a fully equipped guest house with mini kitchen. The moment you enter the drive you know you have entered paradise. This home boasts the best of the best of everything! Home was rebuilt from the foundation up. Truly a masterpiece. The manager has listed the unit size as 10123 square feet.
Jun 2, 2020
No longer available
-
No longer available
Nov 25, 2019
Listed
$12,750,000
Listed
Intracoastal Masterpiece - This magnificent estate home has unobstructed view of Intracoastal and Preserve. Grand foyer entrance with Large slab marble floors, custom wood ceiling, Venetian plaster, extensive wood working, no expense was spared. 6 Bedrooms all with private full baths, including a fully equipped guest house with mini kitchen. The moment you enter the drive you know you have entered paradise. This home boasts the best of the best of everything... This home was rebuilt from the foundation up. Truly a masterpiece. The manager has listed the unit size as 10123 square feet.
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