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918 Augusta Pointe Drive
About This Property
The charming curb appeal is further enhanced by lush landscaping and a newly painted exterior. Upon entering the home, the attention to detail is apparent. Every room is tastefully decorated and upgraded to a degree rarely seen in PGA.
PGA National, home of the PGA Tour's Cognizant Classic, offers five Championship Golf Courses, a state-of-the-art fitness center, spa, and luxurious hotel with a resort style pool. Located in the heart of Palm Beach Gardens, minutes from world class shopping, fine dining, and pristine beaches. Design elements and upgrades from the 2019 (and newer) renovation are listed below:
" New drywall and trim throughout, Garage Tech garage walls, cabinets, and epoxy floor.
" New fences installed around the property. Re-landscaped entire yard in 2019.
" Constructed an outside bar/cabinets and built-in grill. Installed a motorized screen in 2019 and
added a 2nd one in 2023 on the rear patio.
" Rebuilt the pool and installed a new pool heater.
" Rebuilt and expanded the outside pool deck and surrounding areas with white marble pavers in
2023.
" Installed whole house Kohler generator in 2022.
" Kitchen was completely remodeled in 2019 with new cabinetry, countertops and appliances. Thermador refrigerator, oven and 5 burner range, Sharp drawer microwave, dual Uline wine refrigerators and two Thermador dishwashers.
" Interior painted in 2024. Sonos system was rebuilt and installed in 2024.
" California Cabinets installed in Kitchen, Family Room and 2nd floor office in 2024.
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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.
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About PGA Resort Community
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017