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6809 Portside Drive
About This Property
Thoughtful upgrades include partial impact windows and a remote-controlled hurricane screen for added peace of mind. Just across the lake is "Millionaires Mile" in St. Andrews Country Club with multi-million dollar estates.
Resort-style living awaits: The HOA covers lawn care, cable, WiFi, exterior pest control, community painting, and 24/7 manned gate security. Residents indulge in world-class amenities, including a newly renovated fitness center, 7 lighted Har-Tru tennis courts, 4 pickleball courts, a basketball court, sauna, resort-style pool, playground, yoga classes, and a dynamic calendar of community events and social gatheringsall with no equity membership fees.
Perfectly located near the best of South Florida, you're just minutes from the beaches, Town Center Mall, Mizner Park, Downtown Boca Raton, and Delray Beach, and within walking distance to restaurants, shops, and coffee bars. Zoned for top-rated A+ schools, this home offers the ultimate combination of luxury, lifestyle, and location.
Move-in ready and available for immediate occupancycome experience the very best of Boca living.
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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 Newport Bay Club
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017