Cays Realty
5306 Cedar Lake Drive 203, Boynton Beach, FL 33437 — MLS photo

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5306 Cedar Lake Drive 203, Boynton Beach, FL 33437

Active · Condominium

$184,500

5306 Cedar Lake Drive 203, Boynton Beach, FL 33437

Beds
2
Baths
2
Living area
1,252 sq ft
$ / sq ft
$147/sq ft
Year built
1981
Lot size
—
HOA fee
$848 Monthly
Annual tax
$1,217

About this property

$2500 seller credit offered! Motivated seller! Spacious second-floor condo located in a desirable 55+ community offering comfortable living and resort-style amenities. This bright residence features a generous living and dining area with plenty of natural light, a functional kitchen, and well-sized bedrooms with ample storage. Residents enjoy access to outstanding amenities including a clubhouse, fitness center, pools, tennis courts, walking paths, community café, theater, salon, and social gathering spaces. Beautifully maintained grounds and a full calendar of activities create an active and engaging lifestyle. Conveniently located near shopping, dining, medical facilities, and major roadways, making everyday living easy and enjoyable.

Property location

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5306 Cedar Lake Drive 203, Boynton Beach, FL 33437

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,252 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Solar Hot Water, Washer
Cooling
Central Air, Ceiling Fans
Heating
Central
Interior features
Breakfast Bar, Breakfast Area, Entrance Foyer, Kitchen Dining Combo, Living Dining Room, Main Living Area Upper Level, Walk In Closets
Furnished
Negotiable

Exterior & Structure

Property type
Condominium
Year built
1981
Stories
2
Lot size
0 sq ft
Architectural style
Two Story
Construction
Block
Exterior features
Barbecue, Fence, Patio, Tennis Courts
Pool
None, Association, Community
View
Other, Water

Parking

Covered spaces
0
Parking features
Assigned, Guest, One Space

HOA, Community & Financials

Association fee
$848 Monthly
Fee inclusions
Common Area Maintenance, Cable Tv, Insurance, Internet, Parking, Recreation Facilities, Reserve Fund, Roof, Security, Trash
Amenities
Business Center, Clubhouse, Controlled Access, Fitness Center, Library, Maintenance, Barbecue, Picnic Area, Pool, Shuffleboard Court, Security, Tennis Courts, Trails
Security
Fenced, Intercom, Phone Entry, Security Gate, Security Guard
Pets allowed
No
Annual tax
$1,217
Subdivision
Cedar Point North
County
Palm Beach
Days on market
228
MLS listing ID
F10556546
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$553

Cap rate
9.3%
Net yield
9.3%
Cash-on-cash return
12.9%
Gross yield
18.0%
Mortgage payment
$875/mo
Down payment
$46,125
Loan amount
$138,375
Annual NOI
$17,134

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