7539 Isla Verde Way
About This Property
" Located in Addison Reserve Country Club, Ranked #5 in the Country's Top-Rated Clubs
" Easy access to the beach, shops and restaurants of Delray Beach, Palm Beach and Boca Raton
" 6 bedrooms / 5.1 baths
" Approximately 6,000 square feet under air / Approximately 7,500 total square feet
" Point lakefront lot on 0.62 acres located on cul-de-sac
" Residence is set off the road with decorative winding driveway for private entrance
" Lake and golf course views
" Unparalleled property with landscaped grounds offering abundant privacy
" Expansive glass foyer; jade-handled door; mother of pearl inlay ceilings; and views of the golf course and lake through living room
" Spacious living room with volume ceiling; floor-to-ceiling marble fireplace; and stunning views of the grounds and pool
" Sun-drenched solarium with pecky cypress ceiling; floor-to-ceiling volcanic ash and ceramic fireplace; built in bar for entertaining
" Stately formal dining room with hand painted faux finish and gold-leaf ceiling; imported European wall covering; and custom wine coolers
" Gourmet kitchen with quartz island and top-of-the-line appliances including three ovens and fryer station; granite countertops; handmade copper sinks; pantry; and breakfast room
" Open family room with fireplace and French door access to outdoor kitchen with wet bar
" Master suite with carved plaster ceiling and tray lighting; hardwood floors; French doors overlooking the grounds, lake, and golf course; master bath with two walk-in closets; mahogany cabinetry; imported European wallcovering; teak and copper tub; copper sinks; and two water closets.
" Wood paneled office with parquet floors; coffered ceiling; cherry wood built-ins; fireplace; and large picture window showcasing the golf course and lake
" First floor bedroom with full bath, closet, and private courtyard; can also serve as second office
" Upstairs sitting area with mini bar boasts stunning views of the private grounds, lake, and golf course
" Two en-suite guest rooms each with its own private landing entrance
" Separate guest house features a bonus room that can serve as a gym, two bedrooms and a common bath
" Service hallway off family room leads to large laundry room with dog shower and extra storage
" Impact glass
" Whole-house generator
" 1,500 gallon propane tank
" Three car garage
Located in the elegant confines of Addison Reserve, this luxurious and private estate is perfect for festive entertaining and quiet retreats. Come enjoy the experience.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2021 | Sold | ||
| Sold | |||
| Jun 2, 2021 | No longer available | - | |
| No longer available | |||
| Apr 26, 2021 | Listed by Douglas Elliman | $3,399,000 | |
| Listed by Douglas Elliman | |||
| Mar 25, 2021 | Listed by Douglas Elliman | $3,495,000 | |
| Listed by Douglas Elliman | |||
| Apr 19, 2018 | Sold | ||
| Sold | |||
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About Addison Reserve
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017