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9520 Lago Drive
About This Property
Located in Verona Lakes, this home is just minutes from premier shopping, dining, and entertainment options. The community is meticulously maintained and offers resort-style amenities, including pools, tennis courts, fitness facilities, and more. Whether you're seeking a full-time residence or a seasonal getaway, this home embodies the best of South Florida living. Don't miss this opportunity to own your personal slice of paradise!
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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%.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 28, 2025 | Sold | ||
| Sold | |||
| Mar 12, 2025 | In contract | - | |
| In contract | |||
| Feb 15, 2025 | Relisted | $550,000 | |
| Relisted | |||
| Feb 13, 2025 | In contract | - | |
| In contract | |||
| Jan 30, 2025 | Listed by KW Reserve Palm Beach | $550,000 | |
| Listed by KW Reserve Palm Beach | |||
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Welcome to this stunning waterfront home nestled in the highly sought-after gated community of Verona Lakes in Boynton Beach. This beautifully designed 3-bedroom, 2-bathroom residence offers a perfect balance of style and functionality, complete with a 2-car attached garage and vaulted ceilings that create a sense of spaciousness. The open-concept layout boasts combined living and dining areas, perfect for entertaining, while the kitchen shines with granite countertops, a tiled backsplash, an island, and a breakfast bar. Adjacent to the kitchen, the inviting family room provides tranquil lake views, making it the ideal spot to relax or gather with loved ones.
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About Melrose Verona Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017