8335 Kelso Drive
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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.
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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 |
|---|---|---|---|
| Jan 28, 2021 | Sold | ||
| Sold | |||
| Dec 2, 2019 | Listed by Premier Brokers International | $3,995,000 | |
| Listed by Premier Brokers International | |||
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This sprawling contemporary new construction project offers 2 estate homes with approx 10,000sf of luxury living space under air and is located on a 2 acre parcel in the heart of Palm Beach Gardens. No detail has been left out in this custom built one of a kind offering. Centrally located in the private Horseshoe Acres development, the main house offers 6 BR's, study, family and living rooms, soaring ceilings and world class finishings. A professionally-equipped gourmet kitchen is the centerpiece of the main house that opens to the huge covered porch and tropical pool setting. The guest house has 4 BR's and it's own private pool and is perfect for the family or used as a home office. There is nothing like this property on the market today and is a must see!
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| Nov 17, 2019 | No longer available | - | |
| No longer available | |||
| Oct 31, 2019 | Price Increased |
$4,495,000
↑ $500K
(12.5%) | |
| Price Increased | |||
| Apr 24, 2019 | Listed | $3,995,000 | |
| Listed | |||
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Braden & Braden Architecture & Chelsea Aks Designs present 8335 Kelso Drive, Palm Beach Gardens, located in the gated estate community of Horseshoe Acres. Designed in British Colonial Contemporary style this 6 bedroom plus office, 8.5 bath main house and 4 bedroom, 3 bath guest house sits on 2 acres and is surrounded by two pools and an exquisite landscape design by the award winning team at John Lang Designs. In the main home an oversized family room with true walnut floors leads into a luxury chefs kitchen featuring GE monogram appliances, 48' gas range, 2 dishwashers, temperature controlled wine storage, accommodating over 500 bottles and gorgeous, custom finishes. 5 oversized luxury outdoor living spaces. The Home has a large open 75 ft pool with raised spa. The manager has listed the unit size as 9889 square feet.
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About Horseshoe Acres
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Illustrated Properties LLC (Co
Last Updated: 4 months ago
Data Source: Beaches MLS, MLS# R10309208
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