721 Lori Drive 309, Palm Springs, FL 33461 — MLS photo

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721 Lori Drive 309, Palm Springs, FL 33461

Active · Condominium

$54,900

721 Lori Drive 309, Palm Springs, FL 33461

Beds
1
Baths
1
Living area
705 sq ft
$ / sq ft
$78/sq ft
Year built
1973
Lot size
—
HOA fee
$660 Monthly
Annual tax
$484

About this property

*Pardon our Dust, New Roofs in progress* This peaceful over 55 3rd floor penthouse is nestled in an Enclave with water and fountain views. Quiet and serene this 1-1 is perfect for working from home, yet close to everything you need just minutes away., I-95, PBI Airport, JFK Hospital, Publix, Beautiful Beaches, Dog walking trail and Fitness trail at Frost Lake Park adjacent to the community. Living in Palm Springs Village offers so much, Police,Fire station, Library, city office complex, parks,splash pad water park. The firework display can be seen from your screened-in balcony with roll up storm shutters, and a large storage closet. This remodeled unit features include: Impact hurricane windows with accordion and roll-up storm shutters. New water heater and shut off valve, new electric and plumbing, Luxury waterproof vinyl flooring, Trane 2 ton air and heat, Quartz farmhouse sink, Corian countertops, Magnetic shower head, Lighted bathroom mirror, new roof paid by seller. Your maintenance free lifestyle includes all Utilities, Water, Fiber optic cable and WIFI, Lawn maintenance, Pools Maintenance, Elevators, Common Laundry, Trash chute, Sidewalks, Street lights, Reserves, on site management, Fitness center, Picnic area with grills and so much more to list. Your only extra bill is FP&L electric. No leasing first 2 years of ownership and interview is required. This unit is truly a sanctuary that you will appreciate and love.

Property location

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721 Lori Drive 309, Palm Springs, FL 33461

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
705 sq ft
Flooring
Ceramic Tile
Appliances
Electric Range, Electric Water Heater, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Living Dining Room, Main Living Area Entry Level, Shower Only, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1973
Stories
3
Lot size
0 sq ft
Architectural style
Garden Apartment, One Story
Roof
Built Up
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Storm Security Shutters
Pool
None, Association, Community
View
Pond, Water

Parking

Covered spaces
0
Parking features
Assigned, Guest, Two Or More Spaces

HOA, Community & Financials

Association fee
$660 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Insurance, Internet, Laundry, Pest Control, Recreation Facilities, Sewer, Trash, Water
Association
GRS Management
Association contact
561-968-4971
Amenities
Billiard Room, Business Center, Clubhouse, Laundry, Library, Management, Barbecue, Picnic Area, Pool, Putting Greens, Shuffleboard Court, Elevators
Security
Closed Circuit Cameras, Smoke Detectors
Pets allowed
No
Annual tax
$484
Subdivision
Lakeside Village
County
Palm Beach
Days on market
233
MLS listing ID
R11167576
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

$217

Cap rate
10.4%
Net yield
10.4%
Cash-on-cash return
17.0%
Gross yield
31.0%
Mortgage payment
$260/mo
Down payment
$13,725
Loan amount
$41,175
Annual NOI
$5,732

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