Beautifully renovated 3-bedroom, 2-bathroom one-level home ideally
located on a quiet cul-de-sac in one of the most desirable areas of
Gleneagles Country Club, offering a beautiful golf course and lake
view from the backyard. Enter through elegant double doors into a
bright, open-concept living and family room with an open kitchen,
convenient bar area, and formal dining space. A beautifully
landscaped atrium brings a touch of nature indoors and adds charm
to the home. Newer neutral tile flows throughout the main living
areas, while the bedrooms feature carpeting. The spacious primary
suite offers a vaulted ceiling and abundant natural light, while
the primary bathroom features dual sinks, a separate shower, a
spacious soaking tub, and generous closet space. MANDATORY
MEMBERSHIP COMMUNITY. Step outside to the enlarged patio with an
enclosed sitting area, the perfect place to relax, enjoy the
beautiful surroundings, and watch the sunrise over the golf course
and lake. Additional features include impact windows, impact front
door and impact garage door, accordion shutters protecting the
lanai, updated plumbing, and a two-car garage. The washer and dryer
are currently located in the garage but can easily be relocated
inside the home. A wonderful opportunity to enjoy comfortable
one-level living, beautiful views, privacy, and an exceptional
location within Gleneagles Country Club. Gleneagles Country Club is
a mandatory membership, all-age community offering an exceptional
resort-style lifestyle in the heart of Delray Beach. Residents
enjoy access to two championship 18-hole golf courses, 19 Har-Tru
tennis courts, 8 pickleball courts, a state-of-the-art Healthy
Lifestyle Center with fitness classes, spa services, 8 swimming
pools, multiple dining venues, and a vibrant calendar of social
events and activities for every interest. Membership is
required with the purchase of a home and offers several membership
categories to suit different lifestyles. The community is currently
undergoing an exciting $54 million clubhouse transformation,
featuring beautifully redesigned dining, social, and gathering
spaces, modernized amenities, and an enhanced member experience.
The cost of the renovation has already been incorporated into the
current monthly club dues. Whether you're an avid golfer, tennis or
pickleball enthusiast, fitness-minded, or simply looking for an
active social lifestyle, Gleneagles Country Club offers outstanding
amenities and a welcoming environment for residents of all ages.
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.
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