Exceptional single-story lakefront pool home located in the highly
sought-after gated community of Canyon Springs in West Boynton
Beach. Featuring the coveted Ivy floor plan, this unique 5-bedroom,
4-bathroom, 3-car garage residence offers an ingenious four-wing
layout that delivers privacy and harmony for all occupants.
Diagonal-set tile covers the main living areas, creating an
inviting, airy flow throughout. At the heart of the home, the
chef's kitchen serves as a stylish culinary center, appointed with
rich 42-inch cabinetry, granite countertops, and stainless steel
appliances. Complete accordion shutters throughout offer total
storm protection and peace of mind. The outdoor living area is a
true resort-style sanctuary designed for memorable entertaining and
effortless relaxation. Step outside to an expanded paver patio
anchored by a large sparkling pool, all comfortably enclosed within
a full screen enclosure. Sweeping lakefront views provide a
tranquil backdrop for evening sunsets, weekend barbecues, or
peaceful morning coffee. Beyond the home, Canyon Springs offers an
active Florida lifestyle anchored by a luxury clubhouse featuring a
resort pool, splash waterpark, fitness center, tennis courts, and
game room. Zoned for top-rated A-rated schools, this vibrant
neighborhood sits just moments from Canyon Town Center, Canyon
District Park, and the local library. Effortless access to US-441
and the Florida Turnpike puts fine dining, shopping, and Atlantic
Ocean beaches just 20 minutes from your front door.
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.
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