Set on a sprawling .55-acre homesite with exceptional privacy, this
beautifully maintained one-story residence at Admirals Cove offers
timeless Palm Beach charm, gracious proportions, and outstanding
value behind the gates of one of South Florida's most prestigious
communities. Built in 2004, the home features 4 bedrooms, a richly
appointed wood-paneled study, 5 full baths, 1 half bath, and a
desirable split floor plan with the master suite privately
positioned opposite the guest bedrooms. Designed for both
everyday comfort and elegant entertaining, the open-concept kitchen
flows seamlessly into the main living areas and is outfitted with
premium Viking appliances. Crema Marfil flooring adds warmth and
sophistication throughout, while the renovated master bath brings a
fresh, luxurious feel to the owner's retreat. Additional
highlights include a whole-house generator, three-car garage, and a
six-year-old roof for added peace of mind. Outdoors, the
property truly shines. The backyard is one of the finest in the
community-lushly landscaped, extraordinarily private, and centered
around a beautifully redesigned pool area that creates a true
resort-like setting. Ownership in Admirals Cove provides
access to an unmatched luxury lifestyle featuring 45 holes of
championship golf, world-class tennis and pickleball, a
state-of-the-art fitness center, seven dining venues, a 54-slip
marina, private boutique hotel accommodations for members and
guests, an elite performance golf center with TrackMan, Toptracer,
and premier club-fitting technology, a 10,000-square-foot
full-service spa, a 10,000-square-foot salon, and a renowned
provisions market with an extraordinary wine program. This is
a rare opportunity to secure one of the best values inside the
gates of Admirals Cove where luxury waterfront and golf club living
reach their highest level.
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.
Interior Features: Wet Bar, Built-in Features, Entrance Foyer, High Ceilings, Kitchen Island, Pantry, Walk-In Closet(s), Bar, ClosetCabinetry, DiningArea, SeparateFormalDiningRoom, DualSinks, MainLevelPrimary, SittingAreaInPrimary, SplitBedrooms, SeparateShower
Appliances: Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Ice Maker, Microwave, Oven, Refrigerator, Water Heater, Wine Refrigerator, Washer
Flooring Type: Carpet, Ceramic Tile, Marble, Wood
Laundry Features: Inside, Laundry Room
Exterior Details
Square Footage: 5593
Square Footage Source: $0
Security Features: Security System Owned, Gated Community, MotionDetectors
Property Condition: Resale
Year Built: 2004
Building Area Total: 7359
Levels: One
Other Structures: Pergola
Window Features: Plantation Shutters
Construction Materials: Block
Patio and Porch Features: Covered, Patio
Pool Features: In Ground, Association, Heated, OutsideBathAccess
Pool is Private
Lot Features: SprinklersAutomatic, SprinklerSystem
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