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609 Cypress Key Drive
About This Property
One of the standout features of this villa is the lush, private, and unusually spacious backyard, an uncommon benefit for villa living, providing room to enjoy outdoor living, gardening, or quiet relaxation. The third bedroom features new carpeting and built-in shelving, making it ideal as a bedroom, den, or home office.
This home allows buyers to move in comfortably today while offering the opportunity to update over time, making it a smart choice for those looking to maximize value in a well-located, well-established villa community.
Nestled in the heart of Palm Beach County, the City of Atlantis is a unique, non-mandatory country club, gated community renowned for its quiet elegance, safety, and resort-style lifestyle. At the center of it all is The Lost City Golf Club - a private, 27-hole championship course known for its pristine fairways and welcoming yet refined atmosphere. Home to fewer than 2,500 residents, Atlantis is cherished for its privacy, lush landscaping, and two golf courses that wind gracefully through the community, offering rolling greens, shimmering lakes, and mature trees. A must see!
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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.
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About Cypress Key Villas
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,450 /mo
- 1 Bed
- 1 Bath
- 706 ft²
$2,600 /mo
- 2 Beds
- 2 Baths
- 1,232 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017