622 Hermitage Circle
About This Property
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 8, 2022 | Sold | ||
| Sold | |||
| Oct 11, 2022 | Listed by Keller Williams Realty/P B | $2,650,000 | |
| Listed by Keller Williams Realty/P B | |||
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622 Hermitage Circle has an expanded circular driveway and a gorgeous exterior surrounded by upscale, lush landscaping. This home comes with brand new appliances, kitchen countertops and garage doors. This is the perfect single-story pool home with a wide-open floor plan, high ceilings, and mesmerizing lake views.
With four large bedrooms and a den this courtyard home has plenty of space for families and guests to spread out and enjoy privacy and comfort. The fourth bedroom is a separate guest house with a private entrance perfect for au pair/in-laws or a private home office. The pool is equipped with iAqualink. Around the pool is a fully paved travertine exterior deck with turf. The backyard also features a full outdoor kitchen.
All the windows and doors in the home are hurricane impact glass.
Frenchman's Reserve is a relaxed luxurious private country club with 24 hour manned gated security. Moments from everything Palm Beach County has to offer and just 2 miles to the Atlantic Ocean and Jupiter and Juno Beach's gorgeous sand playground.
Amenities include 18-holes of Arnold Palmer designed championship golf, 5-star dining, state-of-the-art fitness, full-service spa, tennis, kids club, salon and a social calendar filled with exciting events for everyone. This property requires a mandatory GOLF membership.
Don't miss your opportunity to own this one-of-a-kind single-story light & bright 4 bedroom + office home!
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| Oct 8, 2022 | No longer available | - | |
| No longer available | |||
| Sep 20, 2022 | Price Decreased |
$2,799,000
↓ $201K
(6.7%) | |
| Price Decreased | |||
| Sep 20, 2022 | Relisted | $2,999,999 | |
| Relisted | |||
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About Frenchmans Reserve
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$6,500 /mo
- 2 Beds
- 2 Baths
- 2,396 ft²
$3,000 /mo
- 1 Bed
- 1 Bath
- 1,000 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017