4906 Grassleaf Drive
About This Property
If 4906 Grassleaf Drive is the crown jewel of Magnolia Bay, Magnolia Bay is the crown jewel of Palm Beach Gardens. Rich, resort like amenities include a grande pool, gazebo, clubhouse with fitness center, tennis courts and playground all overlooking one of Magnolia Bay's best water views. In addition to the amenities, Magnolia Bay's low monthly assessment includes lawn care and basic cable so all you have to do is live your life to the fullest.
Palm Beach Gardens is a Signature City which celebrates quality-of-life by fostering an environment of excellence. With over 30% of land mass dedicated to green space, recreation programs tailored for residents of all ages, an award-winning Art in Public Places program, a pro-active business climate that embraces innovation and an intrinsic understanding of the balance between social and economic conditions, Palm Beach Gardens is much more than the ultimate vacation spot, it is home. You will find yourself just minutes away from world class shopping, dining and entertainment. For the jetsetter Palm Beach International is just 15 miles away, and access to I95 for the commuter is incredibly convenient.
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What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 28, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $539,000 | |
| Listed | |||
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Presenting a 3/3 with office perched on a prized lakefront lot in gated, Magnolia Bay. Enter and find abundant natural light, volume ceilings and an island feel. Designer palm fans, plantation shutters and 18'' tiles impress as you move from the office into the great room. The Kitchen is framed by endless white cabinets and features a classic backsplash while keeping you central to guests conversations. Outside features a 40x25 private screened patio w/ stunning views. Your master bedroom has dual bathrooms, a walk in closet and private access outside. Two solid guest bedrooms share a full bath, then find a dream laundry room at the end of the hall. Magnolia Bay has a pool, tennis, fitness room and more. Minutes to A-Rated schools, world class dining and Palm Beach International Airport.The manager has listed the unit size as 2221 square feet.
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| Mar 15, 2017 | Listed by EXP Realty LLC | $539,000 | |
| Listed by EXP Realty LLC | |||
| Apr 17, 2014 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017