8983 Stone Pier Drive
About This Property
The estate has the perfect open concept layout. Your jaw will drop when you enter through the front door as you will immediately notice the large circular foyer, spiraling staircase, soaring ceilings, stone fireplace, crown moulding throughout, marble floors and wet bar - and this is just what you will notice when you walk through the door! As you pass through the formal living room, you can't but notice the lovely formal dining room with a pass through door to the kitchen. As you pass the custom bar, you will be delighted to see the family room and breakfast nook off of the Chef's kitchen. The kitchen is highly upgraded with top of the line european cabinetry, designer granite, a center island with prep sink, top of the line stainless steel appliances including a true double oven, raised dishwasher, 5 burner natural gas range, and oversized refrigerator. As you go to the north wing of the house, you will be delighted to see the office across from the master bedroom. The large office is finished with a coffered ceiling, high end hardwood floors and plantation shutters. The office could also easily be converted into a bedroom. The oversized master bedroom defines luxury as it is finished with wood floors, a double trey ceiling, plantation shutters, vanity, and two huge walk in closets. The master includes a his and hers master bathrooms as well with trey ceilings, marble floors, separate glass showers lined with marble, upgraded vanities and a lovely soaking tub. One of the great features of this estate is that you have a spectacular view of the pool, backyard, and preserve from the master bedroom, formal living room, breakfast nook, den and kitchen! As you ascend up the spiraling staircase, you will see the perfect retreat for guests or children. The upstairs includes a huge loft which could be easily converted into another bedroom. On each side of the loft are nicely appointed bedrooms each with their own en-suite bathrooms. The rooms are all light and airy with plenty of space. As with the whole home, the upstairs has crown moulding throughout as well. This estate will not last long - please call today and make an appointment to make this your next home!
Equus is one of the most sought after communities in Palm Beach County. The community offers an elegant clubhouse with a lounge, billiards room and party room. Additionally, Equus offers 2 har-tru tennis courts, pool / spa, playground, and the recently updated fitness center. Adjacent to the community is the Equus Equestrian Center where you can board your horses. During the day, you can have your horses in your backyard or take them on a ride through the community. If you are looking for excellent schools, then you are looking in the right place as the schools are all A rated and excellent! The location of the community can't be beat as you are only minutes from the turnpike, great shopping, the new Delray Marketplace, and a short ride to the beach. The HOA fees for Equus include your cable with 3 HD receivers, premium channels, internet, home phone with unlimited domestic calling, alarm monitoring, common area maintenance, manned gate, all the amenities, and on-site manager. A great value!
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What does this mean?
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 |
|---|---|---|---|
| Jan 10, 2025 | Sold | ||
| Sold | |||
| May 8, 2024 | Listed by Block Realty | $1,595,000 | |
| Listed by Block Realty | |||
| | |||
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Enjoy **EXCEPTIONALLY LOW ELECTRIC BILLS** (April 2024 bill was $55!) and protection from periodic rate increases with the solar power systems in this luxurious estate. This beautiful home offers a unique master suite with separate his and her ensuite bathrooms and closets, ensuring privacy and convenience. Nestled in one of Palm Beach County's most sought-after communities, this exquisite estate offers a tranquil retreat with stunning views of the heated pool, spa, nature preserve (no lake view), and sunsets, as well as an expansive rear lot providing ample space for kids to play and opens to several acres of horse paddocks. Peace of mind provided with full hurricane protection, as well as a 40KW WHOLE-HOUSE GENERATOR,
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| Oct 30, 2015 | Sold | ||
| Sold | |||
| Mar 12, 2015 | Listed by BEX Realty, LLC | $939,900 | |
| Listed by BEX Realty, LLC | |||
| Mar 17, 2008 | Sold | ||
| Sold | |||
Property Highlights
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About Equus Equestrian Center Condominiums
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017