Bring your cherished collectible cars to this spectacular
contemporary residence, perfectly tucked away on a peaceful
cul-de-sac overlooking the fresh waters of Lake Mangonia. Custom
built in 2019 by the current owner, this gracious home offers a
versatile canvas designed to complement a wide range of taste and
lifestyles. Nestled in the heart of West Palm Beach within the
prestigious gated community of Presidential Estates, the property
features a luxurious first-floor primary suite with a spa-inspired
en-suite bath, a private workout/massage room, and a flexible loft
space ready to adapt to your needs. Soaring ceiling and expansive
windows bathe the interiors of this home in natural light, creating
an open, airy atmosphere. Multiple pocket, sliding glass doors
seamlessly connect the living space to the pool and terrace,
inviting year-round enjoyment of Florida's indoor-outdoor
lifestyle. The spacious backyard framed by endless lake views, sets
the stage for unforgettable entertaining, alfresco under the stars,
relaxed lounging, and of course, productive work-from-home days.
Above the 3-car garage with 3 lifts for 3 additional cars, is a
beautifully appointed one-bedroom apartment with a kitchen that
provides the perfect retreat for guests/family/au pair. This home
is more than a residence - it's a lifestyle, offering elegance,
comfort, and endless possibilities in one of West Palm Beach's most
desirable communities.
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.
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