626 Hermitage Circle
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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 |
|---|---|---|---|
| Mar 23, 2026 | Sold | ||
| Sold | |||
| Mar 5, 2026 | In contract | - | |
| In contract | |||
| Feb 24, 2026 | No longer available | - | |
| No longer available | |||
| Feb 11, 2026 | Listed by Waterfront Properties & Club C | $5,250,000 | |
| Listed by Waterfront Properties & Club C | |||
| |||
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Newly renovated paradise set on an exceptional golf & lakefront lot overlooking the renowned 17th hole. A breathtaking backdrop enhances everyday living, with clean lines & stylish inviting spaces is ideal for both intimate gatherings & large-scale entertaining. Thoughtfully transformed with no detail overlooked, the home features a recently replaced roof, fully remodeled bedrooms & bathrooms, updated HVAC, impact glass, & a state-of-the-art lighting system with remote access throughout.The chef's kitchen, has been completely remodeled with top-of-the-line appliances, elevating the entertaining experience. The first-floor primary suite offers expansive golf & lake views, an oversized luxurious spa-like bath with an elegant sitting area. Outdoor living has been thoughtfully enhanced with a remodeled pool, spa, patio, enhanced lighting, & new garage doors. The house also includes a full house generator.
Residents enjoy world-class amenities including an Arnold Palmer signature golf course, pickleball, tennis, resort-style pool, & fitness center. The elegant clubhouse offers fine dining options & year-round social events, enriching the vibrant community lifestyle. Ideally located near pristine beaches, world-class shopping, fine dining, & PBI Airport, this exceptional residence delivers the perfect blend of luxury, comfort, & convenience.
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| Oct 28, 2024 | Price Increased |
$5,500,000
↑ $50K
(0.9%) | |
| Price Increased | |||
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About Frenchmans Reserve
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017