Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,080 sq ft
Active · Residential
$307,000
159 Lake Meryl Drive, West Palm Beach, FL 33411
- Beds
- 2
- Baths
- 2
- Living area
- 1,080 sq ft
- $ / sq ft
- $284/sq ft
- Year built
- 1981
- Lot size
- —
- HOA fee
- $702
- Annual tax
- —
About this property
LOCATION! When it comes to finding real estate, the most significant consideration is the location of the property. This cozy villa in quite and beautiful 55+ community near the World famous Hippocrates Wellness Institute features two bedrooms, two bathrooms, and stunning lake and garden view from patio thanks to its big windows. It is located in the center of everything, near to Palm Beach International Airport, and has easy access to Florida Turnpike, Interstate I-95 and ocean a short drive away as well. Ceramic tile flooring in the light color make the space feel even more spacious. The master bedroom complete with walk-in closet. Residents have access to a wide variety of amenities, including a fitness center, clubhouse, heated pool & spa hot tub, tennis, billiard, cafe & e.t.c.
Property location
Get Directions159 Lake Meryl Drive, West Palm Beach, FL 33411
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Facts & features
Exterior & Structure
- Property type
- Residential
- Year built
- 1981
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $702
- County
- Palm Beach
- MLS listing ID
- R11143364
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$313
- Cap rate
- 4.5%
- Net yield
- 4.5%
- Cash-on-cash return
- -4.4%
- Gross yield
- 10.9%
- Mortgage payment
- $1,455/mo
- Down payment
- $76,750
- Loan amount
- $230,250
- Annual NOI
- $13,704
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.