Cays Realty
2929 Marys Way, Palm Beach Gardens, FL 33410 — MLS photo

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2929 Marys Way, Palm Beach Gardens, FL 33410

Active · SingleFamilyResidence

$10,985,000

2929 Marys Way, Palm Beach Gardens, FL 33410

Beds
5
Baths
9
Living area
7,175 sq ft
$ / sq ft
$1,531/sq ft
Year built
1999
Lot size
29,825 sq ft
HOA fee
—
Annual tax
$32,038

About this property

Exquisite Direct Intracoastal Estate! Palm Beach elegance located just north of Donald Ross Road with 98' of waterfront, an eastern rear exposure overlooking the intracoastal waterway and a private preserve on the opposite side of the waterway, this is a very unique opportunity for a custom waterfront estate in Palm Beach County. Designed and built by the current owner, this home has very specific and detailed finishes from the layout and design to the imported tiles and materials - no detail has been overlooked! Situated on over 2/3 of an acre with a deeded dock, boat and jet ski lifts, a spacious yard on a quiet cul de sac, and one that should not be overlooked if one is searching for the slice of south Florida paradise. Dual master baths, guest house...this home truly has it all!

Property location

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2929 Marys Way, Palm Beach Gardens, FL 33410

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Facts & features

Interior

Bedrooms
5
Bathrooms
9
Living area
7,175 sq ft
Flooring
Carpet, Hardwood, Marble, Wood
Appliances
Some Gas Appliances, Built In Oven, Dryer, Dishwasher, Electric Water Heater, Freezer, Disposal, Gas Range, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air
Heating
Central
Interior features
Bidet, Breakfast Area, Dining Area, Separate Formal Dining Room, Dual Sinks, Kitchen Island, Kitchen Dining Combo, Custom Mirrors, Sitting Area In Primary, Separate Shower, Upper Level Primary, Walk In Closets, Central Vacuum, Elevator, Pantry
Furnished
Unfurnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1999
Stories
2
Lot size
29,825 sq ft
Roof
Spanish Tile
Construction
CBSConcrete Block Structure, Block
Exterior features
Outdoor Grill, Outdoor Shower, Patio, Storm Security Shutters
Pool
Heated, Pool Equipment, Pool
Spa
Heated, In Ground
Waterfront
Intracoastal Access, Navigable Water, Ocean Access, Seawall
View
Intercoastal

Parking

Garage spaces
2
Covered spaces
2
Parking features
Attached, Garage, Two Or More Spaces, Garage Door Opener

HOA, Community & Financials

Amenities
Boat Dock, Elevators, Pool
Security
Security System, Security System Owned, Fire Sprinkler System, Smoke Detectors
Pets allowed
No
Annual tax
$32,038
Subdivision
COMMODORES POCKET
County
Palm Beach
Days on market
271
MLS listing ID
R11153504
Listing status
Active

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Estimated monthly cash flow

-$22,341

Cap rate
3.2%
Net yield
3.2%
Cash-on-cash return
-8.7%
Gross yield
4.7%
Mortgage payment
$52,075/mo
Down payment
$2,746,250
Loan amount
$8,238,750
Annual NOI
$356,806

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.