8431 Compass Drive
About This Property
The gourmet kitchen features abundant wood cabinetry with pull outs, granite countertops, built in pantry and beautiful hanging pendulum lights and is open to the large living room, dining room area with a custom bar and lots of recess lighting throughout. Enjoy your morning breakfast or afternoon drinks in your extended covered glass enclosed lanai overlooking the relaxing lake view.
Spacious master retreat with a great lake view as well, walk-in closets, dual sinks, soaking tub, and stall shower with jets. The secondary bedroom has a murphy bed and builds in cabinetry and the third bedroom is currently used as a den but can be easily enclosed.
In addition, you will find a powder room, laundry closet with a utility sink, double garage with storage cabinetry, and all the perimeter of the house with pavers including the driveway.
Palm Shores at Boynton Beach is a fabulous active adult community with great amenities for its residents such as: clubhouse, outdoor resort style pool & spa, tennis courts and pickleball, exercise room, game room, ping pong/card room arts and craft studios, billiards room, library, ballroom with stage and dance floor, 4 shuffleboard courts, and pet friendly.
The reasonable HOA fee includes basic cable, landscaping, alarm monitoring, house painting, and pressure cleaning of the roof.
Only minutes away from the beach, water sports, parks, and downtown Atlantic Avenue - a popular destination for both part time visitors and full-time residents to enjoy restaurants, bars, shops, and events! Easy access to major highways, airports, and everything else. A Must See!
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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.
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 |
|---|---|---|---|
| Dec 17, 2024 | Sold | ||
| Sold | |||
| Dec 3, 2024 | In contract | - | |
| In contract | |||
| Oct 10, 2024 | Listed by Spotlight Real Estate Group LLC | $539,900 | |
| Listed by Spotlight Real Estate Group LLC | |||
| | |||
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Welcome to your custom built ''Western Style'', 3 bedroom, 2.5 bathroom lakefront home in the sought after community of Palm Shores. This is the perfect home for entertaining, with a wet bar, counter seating, a dining area and a huge Florida room overlooking the lake. Vaulted cedar ceilings and 3 new skylights in the living area and plenty of windows offer tons of natural light. The kitchen has great cabinet space with pull outs, granite countertops and both the cooktop and dishwasher were replaced in 2023. Enjoy a glass of wine as you watch the sunset from the Florida room. Patio space on all 4 sides of the house and also has a fountain outside of the 3rd bedroom/den. This 3rd bedroom is currently a library but can easily be converted back into a bedroom.
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| Apr 11, 2022 | Sold | ||
| Sold | |||
| Mar 9, 2022 | Listed by RE/MAX Direct | $450,000 | |
| Listed by RE/MAX Direct | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017