15234 SW 40th Street, Davie, FL 33331 — MLS photo

Active · SingleFamilyResidence

$1,700,000

15234 SW 40th Street, Davie, FL 33331

Beds: 5
Baths: 4
Living area: 3,726 sq ft
$ / sq ft: $456/sq ft
Year built: 2004
Lot size: —
HOA fee: $345 Monthly
Annual tax: $13,676

About this property

Welcome to Riverstone, an exclusive & guard-gated community. Presenting this 1-story estate home on an oversized lakefront lot. This open & spacious residence features 5 bedrooms & 4 baths. All bedrooms with full walk-in closet. The grand foyer features views to the backyard & lake. Large social areas with dramatic volume ceilings. Separate dining room with granite buffet, breakfast room & kitchen with snack-bar. Living room features a step-down wet bar. Social areas have neutral porcelain tile throughout. Primary suite includes dual vanities, separate WC, Roman tub, oversized walk-in shower. Features a semi-circular driveway, 3-car garage & 3-central AC units. Upgraded with a custom designed pool plus an oversized travertine patio. Fully fenced back yard with lush tropical landscaping.

Property location

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15234 SW 40th Street, Davie, FL 33331

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Facts & features

Interior

Bedrooms: 5
Bathrooms: 4
Living area: 3,726 sq ft
Flooring: Carpet, Ceramic Tile
Appliances: Built In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Solar Hot Water, Self Cleaning Oven, Washer
Cooling: Central Air, Electric
Heating: Central, Electric
Interior features: Wet Bar, Breakfast Bar, Bedroom On Main Level, Breakfast Area, Bathtub, Dining Area, Separate Formal Dining Room, Dual Sinks, Entrance Foyer, Garden Tub Roman Tub, High Ceilings, Kitchen Island, Main Level Primary, Main Living Area Entry Level, Sitting Area In Primary, Split Bedrooms, Shower Only, Vaulted Ceilings, Walk In Closets, Pantry
Furnished: Unfurnished

Exterior & Structure

Property type: SingleFamilyResidence
Year built: 2004
Stories: 1
Architectural style: One Story
Roof: Spanish Tile, Tile
Construction: CBSConcrete Block Structure, Block
Exterior features: Lighting, Patio, Shutters Electric, Storm Security Shutters
Pool: Automatic Chlorination, Other, Pool Equipment, Pool, Private
View: Garden, Lake, Pool, Water

Parking

Garage spaces: 3
Covered spaces: 3
Parking features: Attached, Circular Driveway, Covered, Garage, Paver Block, Two Or More Spaces, Garage Door Opener

HOA, Community & Financials

Association fee: $345 Monthly
Fee inclusions: Common Area Maintenance, Recreation Facilities, Security
Amenities: Basketball Court, Controlled Access, Maintenance, Pool, Guard, Tennis Courts
Security: Complex Fenced, Gated With Guard, Security Gate, Smoke Detectors
Pets allowed: No
Annual tax: $13,676
Subdivision: RIVERSTONE
County: Broward
Days on market: 189
MLS listing ID: B26015982
Listing status: Active

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Interest rate (%)

Loan term (yrs)

Monthly rent ($)

Monthly HOA ($)

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Estimated monthly cash flow

-$291

Cap rate: 5.5%
Net yield: 5.5%
Cash-on-cash return: -0.7%
Gross yield: 8.0%
Mortgage payment: $8,059/mo
Down payment: $425,000
Loan amount: $1,275,000
Annual NOI: $93,210

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