Set on 5.39 Ac in the prestigious Palm Beach Point community, this
exceptional equestrian estate offers a six bedroom , five-and-a
half bath main residence, a separate three-bedroom , two-bath guest
house, and thoughtfully designed amenities for both horse and
rider. The impressive 12 stall center aisle barn is fully equipped
with wash stalls, a tack room, climate-controlled storage, and
fiber arena. Four spacious paddocks and ample trailer parking,
complete the equestrian facilities. Close proximity to the rear
gate of Palm Beach Point, allows for easy access to the horse show
grounds. Fully renovated in 2020, the main residence combines
modern comfort with relaxed elegance. A professionally equipped gas
kitchen, newly added media room, impact-resistant windows and
doors, whole-house generator, and extensive property-wide
upgrades provide comfort and convenience. Outside, a heated
saltwater pool and spa, an expansive outdoor kitchen and
entertainment pavilion includes everything needed for casual
evenings, or entertaining. Creating a private resort-like setting
at home. Meticulously maintained and beautifully landscaped,
this remarkable estate offers privacy, elegance and exceptional
functionality, in one of Wellington's most coveted equestrian
communities. A truly special Palm Beach Point property, designed to
be enjoyed both in and out of the saddle.
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.
AMAZING opportunity to settle into one of Wellington's most sought after Palm Beach Point farms. Lucky Dey Farm sits on 5 acres at the rear entrance of PB Point, minutes from the new rear entrance of WEF. This completely renovated (2020) estate property encompasses a 7,800 sq ft main house (5700 under air) with an elaborate summer kitchen, expansive custom outdoor dining and saltwater pool area, professionally installed vegetable garden (6 irrigated boxes), 1,400 sq ft 3 BD/2 BA guest cottage, 400 sq ft office/lounge w/fire pit, and a 12 stall center-aisle CBS barn with all the amenities. Brand new full home generator for main house, fiberoptic cable is hardwired directly from AT&T utility box to main house, office, guest cottage, and barn. The manager has listed the unit size as 5719 square feet.
Parking Features: Attached, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, Paver Block
Garage Spaces: 2
Open Parking Spaces: 4
Interior Details
Half Bathrooms: 1
Full Bathrooms: 5
Interior Features: Wet Bar, Breakfast Bar, Built-in Features, Cathedral Ceiling(s), Eat-in Kitchen, High Ceilings, Kitchen Island, Storage, Soaking Tub, Vaulted Ceiling(s), Walk-In Closet(s), BedroomOnMainLevel, BreakfastArea, Bathtub, ClosetCabinetry, KitchenDiningCombo, MainLevelPrimary, SplitBedrooms, SeparateShower
Appliances: Cooktop, Dryer, Dishwasher, Electric Water Heater, Freezer, Gas Cooktop, Disposal, Gas Range, Ice Maker, Microwave, Oven, Water Purifier Owned, Range, Refrigerator, Water Softener Owned, Water Softener, Vented Exhaust Fan, Water Heater, Water Purifier, Washer
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