8608 SE Merritt Way
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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 |
|---|---|---|---|
| Apr 5, 2024 | Sold | ||
| Sold | |||
| Feb 21, 2024 | Listed by Douglas Elliman Jupiter | $2,625,000 | |
| Listed by Douglas Elliman Jupiter | |||
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This tastefully renovated residence sits along the picturesque Loxahatchee River, offering 3 bedrooms, 3 bathrooms, 2-car garage, private pool, and spa, as well as a newer standing seam metal roof installed in 2019. The property features IPE hardwood dock complete with 9,000 lb. and 32,000 lb. lifts, along with a floating dock designed for jet skis. Outside, an expansive pool and spa area awaits, accompanied by a charming Tiki hut equipped with a large gas grill, and connections for a TV. Inside, the modern kitchen boasts top-of-the-line appliances including a Sub-Zero fridge, wine cooler, Wolff double oven and microwave, and Miele dishwasher. Impact glass windows throughout and a 32K (+/-) whole house generator ensure safety while adding convenience and peace of mind. New HVAC units. Experience the serene ambiance of Jonathan Dickinson State Park just moments away. Boating enthusiasts will appreciate the accommodation for sizable vessels.
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| Aug 23, 2019 | Sold | ||
| Sold | |||
| Jul 2, 2019 | Listed by Water Pointe Realty Group | $1,395,000 | |
| Listed by Water Pointe Realty Group | |||
| Nov 3, 1999 | Sold | ||
| Sold | |||
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About Martin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017