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5213 Palazzo Place
About This Property
THIS HOME IS PRICED FOR YOU TO ADD YOUR OWN PERSONAL TOUCHES. ITS THE LARGEST MODEL WITH TILE THROUGHOUT THE LIVING AREAS. IT HAS AN EXTRA LIVING ROOM, PLUS A FLOOR PLAN THAT MAKES THE 2 GUEST BEDROOMS INTO A SUITE AREA. THE KITCHEN HAS A BAY WINDOW. THE PRIMARY BEDROOM HAS FRENCH DOORS LEADING OUT TO THE PATIO WITH A PARTIAL LAKE VIEW. ACCORDION SHUTTERS THROUGHOUT. THIS COMMUNITY HAS SO MANY SOCIAL ACTIVITIES TO ENJOY ITS LIKE BEING AT AN ADULT CAMP! DINNERS, DANCES, SHOWS, ART CLASSES, EXERCISE CLASSES, BBQ'S ETC... PLUS A RECREATIONAL AREA WITH 6 HAR TRU TENNIS COURTS, 3 PICKLEBALL COURTS, BOCCE, CORN HOLE AND A PUTTING GREEN. ASSOCIATION REQUIRES 6 MONTHS MAINTENANCE PAID AT CLOSING FOR CAPITAL INVESTMENT.
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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 |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| Jun 4, 2025 | In contract | - | |
| In contract | |||
| Apr 14, 2025 | Listed by RE/MAX Direct | $629,900 | |
| Listed by RE/MAX Direct | |||
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BRAND NEW ROOF with a transferable warranty! Don't miss this opportunity! Welcome to this stunning updated 3 bedroom, 2 bath home offering approximately 2,067 sq ft of luxurious living in Boynton Beach's prestigious 55 + gated community of Tuscany Bay. Step into elegance with wide plank, wood look luxury engineered flooring,
seamlessly throughout the main living areas. Accented by a chic neutral designer palette and sophisticated curated finishes. The heart of this home is the beautiful updated kitchen featuring full- overlay ashy brown cabinetry, quartz countertops with a striking waterfall edge island and brand new stainless steel appliances. Designer brass toned hardware and fixtures, including kitchen handles, lighting and faucets, adds a refined touch of luxury throughout. Both bathrooms boast mixed marble and tile detailing, creating a serene spa like retreat, perfect for everyday relaxation.Enjoy the outdoors year round in your tiled and screened patio offering tranquil partial lake views and overlooking lush landscaping. Accordion shutters on all the windows and patio provide effortless storm protection. Tuscany Bay residents experience an unparalleled lifestyle with resort style amenities including a vibrant clubhouse, sparkling pool and spa, tennis, pickleball courts and an active social calendar. This impeccable home won't stay available long-schedule your private showing today!
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| Jan 31, 2025 | Sold | ||
| Sold | |||
| Jan 21, 2025 | In contract | - | |
| In contract | |||
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About Tuscany Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017