A RARE opportunity in the highly sought after Estate section of The
Cascades! This spacious home offers something you don't often find
a TRUE 3-bedroom floor plan with 2.5 bathrooms (YES, there's a
separate guest powder room!) PLUS a bonus room that is currently
set up as an office. The large kitchen features granite countertops
and backsplash, abundant cabinetry and plenty of workspace, and
opens to a spacious family room and cafe area-perfect for everyday
living and casual entertaining. Looking for a home that can
comfortably accommodate visiting family and friends while still
giving you plenty of space of your own? This is it. With a split
floor plan that affords privacy plus the home can be purchased
fully furnished, making it possible to settle in and start enjoying
the South Florida winter season right away. One of the
highlights of the home is the EXPANDED screened-in patio,
accessible from the primary bedroom, living room AND family room.
It creates a wonderful extension of the living space and an ideal
setting for entertaining, relaxing with your morning coffee or
enjoying Florida's beautiful winter weather. The generously sized
primary suite features double-door entry, two closets with built-in
organizers, and a spacious ensuite bathroom. With three true
bedrooms, a separate office, 2.5 bathrooms and multiple living and
entertaining spaces, this home offers the flexibility and room that
today's buyers are looking for. ROOF 2010 - A/C 2022 - WATER HEATER
2025 The Cascades Community Amenities: Clubhouse: Recently
renovated in 2017, featuring Broadway-style entertainment, an
updated ballroom, and a resort-style pool with a separate hot tub
area. A second pool is in the Wedgewood section. Fitness and
Recreation: Enjoy daily exercise classes, a state-of-the-art
fitness facility with classes, equipment, free weights, and saunas.
There are 8 Har-Tru lit tennis courts, 8 lit Pickleball courts, a
bocce ball court, and a racket pro. Social and Dining: The
full-service sit-down cafe serves breakfast, lunch, and dinner on
show nights. A yearly fee of $326 is used towards food purchases at
the cafe. Maintenance Included: Exterior house painting (done
in 2024), roof chemical wash, Xfinity X1 basic cable with three
hook-ups, HBO, DVR, high-speed internet, and lawn maintenance.
Dog-Friendly: Up to 2 dogs of any size are welcome excluding
aggressive breeds. Location Perks: Convenient Access: Close
to 2 major highways, 2 international airports, and 2 Performing
Arts Centers. East Delray Beach: Enjoy shopping, restaurants,
live entertainment, multiple fairs, and the beach. West
Delray: Minutes away from Delray Market Place on Atlantic Ave,
featuring shops, restaurants, and the newly renovated Paragon
Theater with IMAX extreme theater, luxury seating, and more.
Boca Raton: Just south, offering additional world-class
restaurants and shopping. This is your chance to live in a
vibrant, amenity-rich community with everything you need right at
your doorstep. Schedule your visit today and experience all that
The Cascades has to offer!
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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