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687 Hermitage Circle
About This Property
The first-floor owner's suite is a peaceful retreat with a sitting area, oversized custom closets, and a spa-style bath featuring dual vanities, a soaking tub, and a rain shower. The ground-floor clubroom/office is finished with custom built-ins, a wet bar, and a mini fridge, offering flexible space for work or entertaining. Upstairs, three ensuite guest bedrooms provide privacy and comfort for family and visitors, while a powder room on the main level serves guests. Outside, the private backyard is built for entertaining, offering a covered loggia, a fully equipped summer kitchen, a heated saltwater pool, a raised spa with a waterfall feature, and lush tropical landscaping.
Beyond the home, Frenchman's Reserve delivers a resort-caliber lifestyle with an Arnold Palmer Signature Golf Course, seven HydroGrid clay tennis courts, a resort-style pool, a full-service spa and salon, a state-of-the-art fitness center, and a grand clubhouse with multiple dining venues and a vibrant calendar of social events. With the advantage of a Full Golf Membership, 687 Hermitage Circle offers not only an exceptional custom home but the complete experience of luxury country club livingjust minutes from the best beaches, shopping, and dining in Palm Beach Gardens.
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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%.
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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 |
|---|---|---|---|
| May 28, 2025 | Sold | ||
| Sold | |||
| May 14, 2025 | In contract | - | |
| In contract | |||
| Mar 29, 2025 | Listed by Douglas Elliman Jupiter | $5,557,000 | |
| Listed by Douglas Elliman Jupiter | |||
| May 23, 2022 | Sold | ||
| Sold | |||
| Mar 11, 2022 | Listed by Douglas Elliman Jupiter | $4,500,000 | |
| Listed by Douglas Elliman Jupiter | |||
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About Frenchmans Reserve
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017