A Perfect home in a Perfect Neighborhood - a Rare Opportunity to
own a home in the Extremely Desirable Savannah Estates
Neighborhood! This VERY Spacious and well-maintained executive home
is impeccable and move-in ready! Immediately upon entering, you
will be greeted by soaring ceilings and tons of natural light! The
living area is huge, offering a relaxed living environment perfect
for privacy or for large gatherings. The gourmet kitchen is a
culinarian's dream with tons of counter space, cook island, double
oven, convenient slide-out cabinet shelving, and a huge pantry to
house of all of your special recipe ingredients. Enjoy your
creations on the kitchen counter bar or, for more formal occasions,
in the elegant dining room equipped with a butler's pantry.
The kitchen overlooks the extra-large family room making your
home the "go-to" spot for large gatherings, holiday parties and
entertaining. Downstairs are both the Master Bedroom and a separate
wing with a bedroom and full bathroom - perfect for an office,
nursery or in-law suite. The master bedroom suite is a resort in
itself! Private with ample space, luxurious bathroom and a roman
tub to soak your cares away! Upstairs has three large bedrooms and
a separate gathering area that can be utilized as a game area, a
reading room, library, etc. The possibilities are endless! Love the
Florida sun but not the bugs? Step into your brand-new, fully
screened lanai offering both and covered and open area perfect for
sunbathing and BBQs. A perfect place to enjoy your morning coffee
or the sunset in comfort! The pavers in the lanai continue
outside of the screen for grilling or a place to enjoy the cooler
nights next to your chimenea. The home has a 3-Car garage and a
fully pavered driveway. The roof and air conditioners have been
recently replaced to minimize future large expenditures. The home
is equipped with Accordion Hurricane Shutters for storm and privacy
protection! The home overlooks a back yard canal offering privacy
and no back yard neighbors! Not only is the home an amazing
opportunity, it is located in Savannah Estates - a GATED, intimate
community designed for quality of life and tranquility; with a
sparkling community pool, playground and centrally located to
everything Palm Beach County offers! Minutes from beaches, fine
dining, excellent shopping, great schools, golf courses, equestrian
lifestyles, and highways! Look no more, your home is waiting for
you!
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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