$218,000
$225,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
6466 Emerald Dunes DR #203 West Palm Beach, FL 33411
1 Bed
1 Bath
740 SqFt
Key Details
Sold Price $218,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 740 sqft
Price per Sqft $294
Subdivision Villas At Emerald Dunes Condo
MLS Listing ID R11143720
Bedrooms 1
Full Baths 1
HOA Fees $293/mo
Year Built 2005
Annual Tax Amount $3,278
Tax Year 2024
Property Sub-Type Condominium
Property Description
Investor Opportunity - A+ Class Property at Emerald Dunes WPB This exceptional unit comes with reliable long-term tenants for 9yrs+, Rent $1985 per mo New Roof paid for The list price reflects a''going-in'' cap rate of over 6% compared to about 3% for cash in the bank for this A+ class property, a strong performer in Florida's hot market With interest rates on a downward cycle, these cap rates become increasingly attractive, driving upward pressure on condo values.
Located just 15 minutes west of downtown, Emerald Dunes is one of the most sought-after gated communities in the area. Residents enjoy 24-hour patrolled security and world-class amenities including two resort-style pools two fitness centers a meditation garden theater room billiards room business cente library, tennis courts, and BBQ picnic areas. Everyday conveniences such as grocery stores, banking, the Turnpike, and I-95 are all close by.
Florida continues to experience strong in-migration, with the population increasing by 467,347 residents from 2023 to 2024an average of 1,280 people every day! This steady demand contributes to the strength and long-term appreciation potential of properties like this.
Income and Expenditure statements for the previous 12 months are available upon request.
Location
State FL
County Palm Beach
Community Home Owners Association, Gated, Property Manager On-Site
Area 5580
Zoning PIPD
Interior
Heating Central
Cooling Central Air
Laundry Inside, Laundry Closet
Exterior
Parking Features Garage, Garage Door Opener
Garage Spaces 1.0
Pool Association
Community Features Home Owners Association, Gated, Property Manager On-Site
Utilities Available Cable Available, Sewer Available, Water Available
Amenities Available Billiard Room, Business Center, Clubhouse, Fitness Center, Picnic Area, Pool, Putting Green(s), Recreation Facilities, Spa/Hot Tub, Tennis Court(s), Trail(s)
Waterfront Description None
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Block,Concrete,Stucco
New Construction No
Schools
Elementary Schools Grassy Waters
Middle Schools Jeaga
High Schools Palm Beach Lakes
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Pets Allowed Breed Restrictions, Number Limit, Pet Restrictions, Yes
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Bought with Gary Smith Prestigious Properties USA
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