4621 Capital Drive
About This Property
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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%.
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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 |
|---|---|---|---|
| Jul 1, 2024 | Sold | ||
| Sold | |||
| Feb 11, 2024 | Listed by The Corcoran Group | $870,000 | |
| Listed by The Corcoran Group | |||
| | |||
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An absolute rarity, 4621 Capital Dr. checks off boxes that so few in Palm Beach County can. Built by acclaimed developer, GL Homes, within the gated community of Capistara, this home was showcased as the Developer's model home for obvious reasons. A floor plan consisting of over 4,500 total sq ft, size is an element which is not compromised in this property. In conjunction with the spacious interior space, the home has an attached true 3 car garage outfitted with an abundance of storage. An enviable private spa and pool are located in the backyard adjacent to plenty of outdoor space ideal for entertaining.
The interior of the house matches the grandeur of the exterior elements with massive 24x24 porcelain tiles on the ground floor with authentic bamboo floors located on the staircase and second level. The foyer is an impressive entryway with an immediate sense of space and elegance. The idyllic open-concept kitchen and living area with plenty of bar seating caters perfectly for hosting or being with family. Tremendous pride of ownership can be identified in the home with fresh new exterior and interior paint, new washer and dryer in your recently renovated laundry room, new refrigerator and dishwasher in the kitchen, impact windows installed on the second level, 7-inch gutter system lining the perimeter of the home recently installed and spray foam insulation added in the attic to help regulate hot summer months.
Upstairs you will find all four bedrooms including an over-sized primary bedroom. With trey ceilings and a view overlooking the community lake, this room is extraordinary. The primary bathroom has a glass enclosed shower, dual vanities and a soaking tub.
Just off of the primary bedroom is an additional living area for kids or other family members to reside separately from downstairs. Each bedroom consists of a walk-in closet granting ample storage space.
To be centrally located in East Lake Worth within a gated community, 3,600+ sq ft of living space, a 3 car garage, a private pool and spa and immaculately maintained and improved all within $900k - 4621 Capital Drive is truly the only option. And, it's a pretty great option at that!
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| Jul 7, 2020 | Sold | ||
| Sold | |||
| Feb 20, 2020 | Listed by The Corcoran Group | $569,500 | |
| Listed by The Corcoran Group | |||
| Dec 30, 2015 | Sold | ||
| Sold | |||
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017