5960 Pennock Point Road
About This Property
An exceptional opportunity to make this gorgeous home yours; Construction is now complete and ready for you to move in. This is such a special home and location, just steps from the Loxahatchee River and some incredible wide water views. Pennock Point is one of the most desirable locations in Jupiter, with surrounding waterfront homes ranging from $8M to over $20M.
This 4390 Sq Ft home has 5 bedrooms, 5 1/2 baths, wonderful private backyard with pool/spa/outdoor kitchen making it a fabulous entertaining home. Gourmet kitchen with high end appliances, wine cooler, large pantry, open kitchen/dining/great room with fireplace. Home has everything you would want, whole house generator, sonos sound system, security cameras, tv's and hurricane impact doors and windows. Location within a private gated area of Pennock Point, offering has a deeded watercraft ramp. Although there is no dock, you can launch small watercraft such as waverunners, paddle boards, kayaks etc just 100 ft from your front door.
This is one of the best values we have seen in Jupiter Florida and it is ready for you.
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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 |
|---|---|---|---|
| Feb 29, 2024 | Sold | ||
| Sold | |||
| Jul 10, 2023 | Listed by One Sotheby's International Re | $4,190,000 | |
| Listed by One Sotheby's International Re | |||
| Mar 26, 2021 | Sold | ||
| Sold | |||
| Feb 5, 2021 | Listed by One Sotheby's International Re | $499,999 | |
| Listed by One Sotheby's International Re | |||
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This property is being valued as LAND value only. 1/4 acre lot but with water access and a boat ramp that you can launch small craft. Located in the incredible location of Pennock point, tucked behind a gate. Build your dream home on this fabulous spot. The Lot directly to the south will also be available at $499,999. So build one house on both lots on 2 houses on 2 lots.
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| Jun 5, 2014 | Sold | ||
| Sold | |||
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About Pennock Point
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Currently no similar homes aroundNearby Rentals
$10,000 /mo
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$7,500 /mo
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One Sotheby's International Re
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10903559
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