8602 SE North Passage Way
About This Property
& an amazing enclosed custom outdoor kitchen, w/ twin eagle appliances, big green egg, teppanyaki, fridge & more. Just outside is a gas firepit, & water feature. Some of the interior features include a fully updated kitchen w/ white shaker cabinets, wolf induction range, double oven w/ steamer, warming drawer, & subzero refrigerator. See more. Adjacent to the kitchen is a butler Pantry w/ wine cooler/Laundry. The bathrooms have also been tastefully updated. The spacious master overlooks the pool, has 2 walk in closets built out by California Closets, plantation shutters and updated bathroom. There is also a custom Built-In home office w/ murphy bed that can be used as a 3rd/guest bedroom. This home has impact windows & doors (excluding passage door in garage & glass block in mstr. but those have hurricane protection. In addition to all the above there is an attached 2 car garage w/ extra parking on the extended paver driveway. Full house generator w/ inground 1,000 gallon propane tank. The list goes on! See Feature list under documents.
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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 27, 2024 | Sold | ||
| Sold | |||
| Nov 20, 2024 | In contract | - | |
| In contract | |||
| Oct 11, 2024 | Price Decreased |
$2,250,000
↓ $225K
(9.1%) | |
| Price Decreased | |||
| Sep 1, 2024 | Listed | $2,474,900 | |
| Listed | |||
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Absolutely gorgeous 3 bedroom 3 bath waterfront pool home in Jupiter/Tequesta with Low Martin County Taxes offers the convenience being close to Fabulous Shopping and Restaurants as well as the Beach. This Beautifully renovated and tastefully decorated home has a coastal flair with a touch of sophisticated elegance. Formal Living and Dining Rooms coupled with an Open Concept Kitchen/Family/Dining Area allow for entertaining and separation for quiet family enjoyment. Primary Suite W/Luxe Bath. Exquisite Outdoor area offers a BBQ Chefs Dream Kitchen adjacent to the Pool/Spa/Fountain and Dock with 9K Lift just off the River minutes to the Inlet. The Gated Waterfront Community of North Passage offers Tennis/Pickleball/Fitness/Club Room/Pool/Play Ground and 24hr Security. Must See
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| Jan 27, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017