As one of the most highly sought-after models in the elite
community of Seven Bridges, this elegant Rialto II is a standout
gem on an upgraded lot! Centered on a lake with stunning lit
fountain views, this immaculate 3-bedroom, 3 1/2-bath home features
an open floor plan with over 3,000 square feet of living space,
extra-high ceilings, a gourmet kitchen, bar, a study or optional
4th bedroom, plantation shutters, a 3-car garage, and a whole-house
generator. Beyond the lanai, a screened-in patio with hurricane
screens comfortably extends the outdoor living area, making the
space extremely versatile, complemented by outdoor lighting in both
the front and back. Located in an all-age community with many
amenities, including an awesome tennis program, pickleball, gym,
resort pool & much more. Seven Bridges HOA dues include
Vector security monitoring and WiFi. Residents can elect to have
their Association fees include cable at a favorable discounted
group rate. Downtown Delray Beach offers a vibrant mix of
award-winning restaurants, shopping, galleries,
entertainment, and nightlife along famous Atlantic Avenue.
Residents can take advantage of everything from outdoor cafes and
cultural attractions to beautiful Delray Beach, all within the
lively, walkable downtown district. With Atlantic Avenue providing
a direct route from the property, enjoying the energy and charm of
downtown Delray is an easy ride away.
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.
Interior Features: Wet Bar, High Ceilings, Kitchen Island, Soaking Tub, Walk-In Closet(s), Bar, BedroomOnMainLevel, Bathtub, DualSinks, GardenTubRomanTub, MainLevelPrimary, SplitBedrooms, SeparateShower
Appliances: Cooktop, Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Ice Maker, Microwave, Oven, Refrigerator, Water Heater, Washer
Flooring Type: Ceramic Tile, Engineered Hardwood
Rooms: 7
Exterior Details
Square Footage: 3057
Square Footage Source: $0
Security Features: Gated Community
Property Condition: Resale
Year Built: 2018
Waterfront Features: Lake Front
Builder Name: GL Homes
Builder Model: Rialto II
Building Area Total: 4110
Levels: One
Construction Materials: Block, CBSConcreteBlockStructure
Patio and Porch Features: Patio, Screened
Pool Features: Association, Heated
Lot Features: LessThanQuarterAcre
Lot Size Area: 8276.4
Lot Size Units: Square Feet
Lot Size Acres: 0.19
Lot Size Square Feet: 8276.4
Lot Size Dimensions: 55' x 151'
Water Source: Public
Financial Details
Tax Assessed Value: $940,427
Tax Annual Amount: $14,693
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s), Electric
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