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8878 Majorca Bay Drive
About This Property
After you are done with your physical activities you can relax in the spa or enjoy a private massage. Perhaps you would rather explore your creative side in one of the craft, watercolor, or ceramic classes. If you like to socialize there is plenty of opportunity for that as well. Join the wine club, book club or go line-dancing in the clubhouse. The location in the western Lake Worth provides easy access to the turnpike and shopping and dining opportunities in West Palm Beach, Boynton Beach, Boca Raton and Wellington. If for some reason you need to get away, Palm Beach International Airport is only a half-hour away. SEE THE DOCUMENTS FOR ADDITIONAL PHOTOS OF THE SOCIAL AND ATHLETIC CLUBHOUSES.
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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 3, 2024 | Sold | ||
| Sold | |||
| Oct 17, 2024 | Listed by The Keyes Company | $669,000 | |
| Listed by The Keyes Company | |||
| | |||
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WOW! Amazing Tropical Pool, Recently installed Hurricane impact windows&doors,and the most loved Huge great room open concept make this ''Crown Series''home a standout at this below market price! Stunning Front doors&courtyard adorned with upgraded landscaping,a huge corner lot with partial lake view,& total privacy are just a few of the WOW features! Located ideally within this award winning 55+ Valencia community,walk to all the amenities including 10 Tennis, 6 Pickleball,3 Bocce Crts,Full service Restaurant,Social clubhouse with Grand pool, shows, clubs, Billiards,Art Studio,more! Full time Social Director + tennis/pickleball pro! State of Art Fitness Ctr includes indoor racquetball, indoor whirlpool,sauna,steam,beauty salon,lap pool, resistance pool,AMENITIES GALORE!MUST SEE! LOVE IT!
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| Mar 14, 2022 | Sold | ||
| Sold | |||
| Nov 3, 2021 | Listed by EXP Realty LLC | $669,000 | |
| Listed by EXP Realty LLC | |||
| Feb 15, 2011 | Sold | ||
| Sold | |||
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About Valencia Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017