Cays Realty
7529 SE Bay Cedar Circle, Hobe Sound, FL 33455 — MLS photo

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7529 SE Bay Cedar Circle, Hobe Sound, FL 33455

Active · SingleFamilyResidence

$570,000

7529 SE Bay Cedar Circle, Hobe Sound, FL 33455

Beds
3
Baths
2
Living area
2,017 sq ft
$ / sq ft
$283/sq ft
Year built
1989
Lot size
6,875 sq ft
HOA fee
$317 Monthly
Annual tax
$7,939

About this property

Serene waterfront front pristine home. Enjoy wide water views from all primary rooms or within your covered & open screened in patio. This sunny interior (3 skylights!) offers flexibility to entertain many guests. The kitchen boasts upgraded appliances & beautiful countertops. There are walk-in closets and an abundance of storage everywhere. Full accordion shutter protection provides lower insurance. This is an active gated community with a resort pool and tennis courts. The replacement of polybutylene piping was permitted & completed. The preferred lender is Rachid Zaraouli with Greenberg Community Lending. Furnishings are negotiable. Furnishings are negotiable. 2 living room accent chairs, the circular shelving unit & patio furniture do NOT convey.

Property location

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7529 SE Bay Cedar Circle, Hobe Sound, FL 33455

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Facts & features

Interior

Bedrooms
3
Bathrooms
2
Living area
2,017 sq ft
Flooring
Ceramic Tile, Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air, Ceiling Fans, Electric
Heating
Central, Electric
Interior features
Bedroom On Main Level, Breakfast Area, Bathtub, Dual Sinks, Entrance Foyer, Eat In Kitchen, High Ceilings, Jetted Tub, Living Dining Room, Main Level Primary, Main Living Area Entry Level, Split Bedrooms, Shower Only, Walk In Closets, Central Vacuum, Skylights

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1989
Stories
1
Lot size
6,875 sq ft
Architectural style
Contemporary Modern, Ranch, One Story
Roof
Concrete, Tile
Construction
Block, Stucco
Exterior features
Enclosed Porch, Fence, Patio, Shutters Electric, Storm Security Shutters
Pool
None, Association, Community
View
Lake, Water

Parking

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

HOA, Community & Financials

Association fee
$317 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Pools, Recreation Facilities, Reserve Fund, Security
Association
Advantage Prop. Mt
Association contact
772-334-8900
Amenities
Basketball Court, Clubhouse, Controlled Access, Management, Maintenance, Pool, Security, Tennis Courts
Security
Complex Fenced, Fire Alarm, Intercom, Other, Phone Entry, Security Guard, Security Gate, Smoke Detectors
Pets allowed
No
Annual tax
$7,939
Subdivision
PRESERVE
County
Martin
Days on market
141
MLS listing ID
B26027221
Listing status
Active

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Estimated monthly cash flow

$665

Cap rate
7.1%
Net yield
7.1%
Cash-on-cash return
5.0%
Gross yield
10.9%
Mortgage payment
$2,702/mo
Down payment
$142,500
Loan amount
$427,500
Annual NOI
$40,405

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