7337 NW 28th Way
About This Property
This custom residence boasts 7,200 living SF and features 5 spacious bedrooms, 7.2 bathrooms, great room, family room, formal dining room, gourmet kitchen, media room, gym and elevator. Thoughtfully built, the residence features two exquisite master bedrooms - one on each floor. An attractive entrance gives way to a spacious great room with soaring ceilings and dramatic windows that allows abundant natural light to flow through. Entering into the inviting family room, experience comfortable living with a breakfast area overlooking the outdoor lanai, lake and beautifully landscaped grounds. Through the sliding glass doors, enjoy your private outdoor space that features a full summer kitchen with grill, custom pool with spa, lush landscaping and garden area. Enjoy the tranquil sounds of the lake fountain which completes the setting of this perfect oasis - Experience Villa Sienna.
The second floor includes the second master bedroom with bathroom, three guest suites with bathrooms and loft area which serves as a media room.
Royal Palm Polo, an exclusive gated community situated centrally in Boca Raton, is in close proximity to top private and public schools, many different houses of worship, and South Florida's world-renowned beaches. Amenities included are a private, staffed Residents' Club, tennis courts, basketball court, resort-style swimming pool, and state-of-the-art fitness center.
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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.
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017