606 Pilot Road
About This Property
4 bedroom/3.5 baths remodeled NPB home
with 82' of waterfront complete with dock. Situated on a large lot in the much sought after Country Club Addition to the Village of North Palm Beach. Cook's kitchen with granite countertops and a large prep island. Kitchen flows into the living room, dining room and family room, a great open concept with lovely views of the pool, loggia and waterway.
Private guest suite off foyer. 2 smaller bedrooms joined by a Jack and Jill bathroom that doubles as the Cabana bath. Family room with wall of French Doors create a great space for family gatherings and when opened fabulous for entertaining. 2 guest baths completely renovated. Huge master separate from the other bedrooms with door to the loggia and pool and windows to the water. Brand new master walk-in closet and bathroom. Separate shower with sky light and rain shower head. Grey and white tile, double sinks and a spacious linen closet. Brand new walk in closet complete with custom built ins. Step out to the loggia, pool and dock area with tropical landscaping...outdoor living at it's best. Extended 2 car garage with work space and a utility closet for all your fishing gear. Exterior door to path leading to boat dock. Dock includes a fish cleaning station.
Village has beautiful parks, recreational center with classes of all kinds, day trips and sports and camp for the kids. A police, fire department, library and community center make NPB the Best Place to Live under the Sun!
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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.
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About North Palm Beach Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017