8209 SE Rivers Edge Street
About This Property
Boasting 2,400 square feet of living space, 3 bedrooms, 2 full bathrooms, impact windows & doors, and stunning views of the pool and water, this gorgeous two-story CBS guest house is the perfect place to live while building your dream home. On the first level, you'll find two of three spacious bedrooms and a full bathroom, full size washer/dryer and a large, light + bright family room and wet bar for entertaining. The second level features stunning wood-look tile flooring and a gorgeous kitchen with solid wood espresso custom cabinetry, tile backsplash, stainless steel GE Cafe appliances, gas stove, and beautiful white Calcite stone countertops. With a built-in dining area, a huge family room & TWO balconies, there is plenty of space to entertain. Step outside on your main large balcony to find the perfect place to enjoy a cup of coffee or sip a glass of wine while catching a glimpse of a gorgeous South Florida sunrise or sunset over the serene waterfront setting. The expansive master bedroom boasts his and hers closets, a balcony, and an en suite with double vanities, a huge frameless shower with built-in steam room and impressive floor-to-ceiling tile. Guest house is equipped with upgraded electrical including a smart, Control 4 panel & surround sound system.
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Approved building plans for the Main House include a massive 6,000 square foot layout featuring 5 bedrooms plus a bonus room, huge loft, and separate wine room. [Buyer has the option to have their own home designed and built or they can hire the builder to use the existing approved plans] The main residence will be added onto the guest house -- the first level of the guest house will become a 4-car garage with the second level staying the same with the addition of an elevator to take you to the second level. A walkway and courtyard will lead you to the main residence which will sit in front of the spectacular, luxurious pool and spa.
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The backyard at 8209 SE Rivers Edge Street has the high-end luxury pool you've been dreaming of that will make you feel like every weekend is a stay at a five-star resort. A completely custom masterpiece, this Pebble Tec heated saltwater pool and spa has incredible stone features, a waterfall edge, beach entry and sun shelf areas, upscale landscaping with tropical palm trees, and custom lighting. Surrounding the pool is a gorgeous stone patio, and a real wood burning fireplace with a built-in stone bench. Not only does the pool area boast breathtaking views of the water, but it overlooks a 4500 sq. ft premium synthetic turf putting green complete with a 6-hole course. Follow the walkway to the end of the property to find the large, private dock with a 13,000 lb boat lift, perfect for living the ultimate South Florida boating lifestyle.
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Other added luxuries include a Viking electric gate upon entrance with gorgeous oak & mango trees lining the property. Don't miss this opportunity to build the home of your dreams while living in a gorgeous guest house on one of the most exquisite waterfront lots in Jupiter!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017