5159 Mirror Lakes Boulevard
About This Property
Minimum credit score of 645 and a buyer contribution fee of $385. 55 + community. No lease for 2 years. Gardener's delight with private fenced yards and space for your dog and family to enjoy. Open floor plan with updated kitchens and baths. Hurricane protection on all windows except two sliders. Front of the house has impact windows and Bahama shutter. All single hung windows were installed 2 yrs ago and have accordian shutters. Hurricane rated front door. Appliances are less than 5 years old, air condition 2016, new garage door opener, springs and rollers. Two retractable sun setter awnings. Light colored commercial grade vinyl plank flooring throughout the house. Recessed lighting, hook ups for the washer/dryer and the hot water heater are located in the garage. All up-grades were done with energy efficiency in mind. Landscaping includes specialty plants, trees, bromeliads and orchids in a butterfly designed garden that brings a variety of butterflies and bird species throughout the year. Truly a peaceful and private retreat. Owner downsizing on moving closer to family.
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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%.
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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 |
|---|---|---|---|
| Dec 29, 2025 | Sold | ||
| Sold | |||
| Nov 26, 2025 | In contract | - | |
| In contract | |||
| Nov 5, 2025 | Price Decreased |
$319,000
↓ $11K
(3.3%) | |
| Price Decreased | |||
| Oct 15, 2025 | Price Decreased |
$329,900
↓ $15K
(4.4%) | |
| Price Decreased | |||
| Sep 5, 2025 | Listed by Lang Realty - Boynton Beach | $345,000 | |
| Listed by Lang Realty - Boynton Beach | |||
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2BR 2BA charmer in popular Boynton Beach HOPA 55+ community. Garage, screened porch, tropical oasis private lot. Roof 2025! Kitchen cabinets 2025! Entire interior fresh paint. Range 2025, a/c 2021, impact glass front window, accordion shutters complete. LOW HOA $172. mo., includes cable, internet and sprinklers from lake. Lovely boutique community of only 238 homes, with plenty of green spaces, lake front pool and walking promenades, fishing, pickleball/tennis courts, gamerooms, boat ramp. Easy going, friendly neighborhood has few restrictions; bring your pets, motorcycles, pick up trucks. Convenient to international airports, highways, shops, dining, 6 miles to beach!
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About Mirror Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017