500 Overlook Drive
About This Property
This Coastal Contemporary gem is situated on almost a half acre directly on the 15th hole at North Palm Beach Country Club. Recently voted into the Top 20 Municipal Golf Clubs in The country this Jack Nicklaus signature design is a daily fee course open to the public with private memberships available. Just a short walk to the 37,000 sq ft clubhouse built in 2018 offers a restaurant,a grille,snack shack and banquet room managed by The Lessing's Group. This first class operation operates venues all over the country such as 360 East at Montauk Downs,The Barn at Old Bethpage and locally here at The Pelican Club, Charlie & Joes, and Beacon Street. The club offers endless amenities like an Olympic sized swimming pool, splash pad & dive tank, 10 lighted har tru tennis courts and pro shops for golf and tennis with all of the merchandise needed.
The home has been designed for for coastal living inside and out.The resort style pool and spa are situated by a golf putting green, a gazebo, a firepit, party lights, and generously sized synthetic turf sports field. Whether relaxing pool side or inside this 4 bedroom 3 full bath home with generous sized bedrooms you will feel like your on vacation in your very own home. Come put your design on the classic South Florida residence in the very desirable Country Club addition of North Palm Beach!
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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.
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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 |
|---|---|---|---|
| Jan 7, 2025 | Sold | ||
| Sold | |||
| Nov 7, 2024 | In contract | - | |
| In contract | |||
| Oct 18, 2024 | Listed by Real Estate of Florida | $2,495,000 | |
| Listed by Real Estate of Florida | |||
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Nestled in a private culdesac under the swaying palm trees this golf course home is now available.Welcome to 500 Overlook Drive.This Coastal Contemporary gem is situated on almost a half acre directly on the 15th hole at North Palm Beach Country Club. Recently voted into the Top 20 Municipal Golf Clubs in The country this Jack Nicklaus signature design is a daily fee course open to the public with private memberships available. Just a short walk to the 37,000 sq ft clubhouse built in 2018 offers a restaurant,a grille,snack shack and banquet room managed by The Lessing's Group. This first class operation operates venues all over the country such as 360 East at Montauk Downs,The Barn at Old Bethpage and locally here at The Pelican Club, Charlie & Joes, and Beacon Street. The club offers
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| Apr 30, 2020 | Sold | ||
| Sold | |||
| Mar 8, 2020 | No longer available | - | |
| No longer available | |||
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