6861 Torch Key Street
About This Property
Lake Charleston is a popular community in unincorporated Lake Worth consisting of 945 acres of neighborhoods and 200 acres of lakes. There are recreational offerings to suit everyone with three playgrounds, pickleball and tennis courts, a soccer field, two basketball courts, and two volleyball courts. There are professionally landscaped walkways all around the community and seven lakes stocked for fishing. Residents have access to Lake Charleston Park which spans over 9 acres and has a children's playground, lighted baseball and softball fields, and snack stands. The communities of Lake Charleston are just a quick drive away from entertainment, dining, and shopping including the newly opened Whole Foods.
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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.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 20, 2025 | Sold | ||
| Sold | |||
| Jan 30, 2025 | In contract | - | |
| In contract | |||
| Jan 11, 2025 | Listed by The Keyes Company | $498,000 | |
| Listed by The Keyes Company | |||
| | |||
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NEW ROOF! HURRICANE IMPACT WINDOWS! Don't delay seeing this 3 bedroom, 2 1/2 bath home in The Islands section of Lake Charleston. With soaring ceilings and a loft, this home features an ideal blend of modern updates and practical features. The new roof and hurricane impact windows provide peace of mind, especially here in Florida. The newer AC (2018) and hot water heater (2019) mean you also won't have to worry about those big-ticket items. The open kitchen features quartz countertops, stainless-steel appliances, lots of storage and easy access to the large patio and fenced backyard making it the perfect home for cooking and entertaining. The laminate flooring in the bedrooms and loft provides a warm, cozy feeling.
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| Sep 30, 1994 | Sold | ||
| Sold | |||
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About Lake Charleston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017