This 4-bedroom, 4-bath single-family residence in Bridges PL 6
offers 3,745 square feet of living space on a waterfront lot with
striking lake views. The open floor plan flows seamlessly from the
gourmet kitchen-appointed with premium Sub Zero
refrigeration-through generous entertaining areas, including a
great room , Living room, office , large studio and out to
the covered screened kitchen and grilling zone. A resort-style
private heated salt water pool and spa , fire pit command a
backyard, positioned to capture the water views and provide
year-round outdoor living, The three-car garage provides ample
storage and vehicle protection. With thoughtful premium updates
throughout and substantial square footage, this corner property
delivers the waterfront lifestyle Delray Beach is known for 12 to
14 foot premium detailed ceilings throughout, with premium
lighting, interior plantation shutters and fans through out.
Efficient 2 Zone High Efficiency Central Air System, with added air
purifier installed. One Zone is brand-new installed this year, the
other was installed in 2020 , Newer large tank water heater and
water softener system is installed. Exterior photos, Gourmet
kitchen, Living room and office are actual photos, Furnishings and
decor shown are digitally added and are not included with the
property. DIGITALLY ALTERED/VIRTUALLY RENOVATED- Images are a
conceptual rendering showing potential improvements. Renovations
and finishes depicted have not been completed and are not included
with the property. measurements, information and conditions are
approximate, subject to error, omission and changes without notice.
The price listed is anticipated potential value once renovations
are completed.
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.
Appliances: Cooktop, Dryer, Dishwasher, Electric Water Heater, Freezer, Gas Cooktop, Disposal, Gas Range, Ice Maker, Microwave, Oven, Refrigerator, Trash Compactor, Water Heater, Washer
Flooring Type: Ceramic Tile, Other, Wood
Door Features: French Doors
Laundry Features: Main Level, Laundry Room
Rooms: 3
Exterior Details
Square Footage: 3745
Square Footage Source: $0
Security Features: Fire Alarm, Gated with Guard, Gated Community, Smoke Detector(s), Security Guard, Security Lights
Property Condition: Updated/Remodeled, Resale
Architectural Style: Mediterranean
Year Built: 2014
Waterfront Features: Lake Front, None
Builder Name: GL Homes
Builder Model: Venetian
Building Area Total: 4703
Levels: One
Other Structures: None
Window Features: Storm Window(s)
Construction Materials: Concrete, Synthetic Stucco
Patio and Porch Features: Covered, Deck, Patio, Screened
Pool Features: Fenced, Gunite, Heated, In Ground, Private, Pool/Spa Combo, Salt Water, Association
Pool is Private
Lot Features: Corner Lot, Landscaped, Many Trees, OversizedLot, QuarterToHalfAcreLot, SprinklersAutomatic
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