816 Summit Lake Drive, West Palm Beach, FL 33406 — MLS photo

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816 Summit Lake Drive, West Palm Beach, FL 33406

Active · Townhouse

$339,000

816 Summit Lake Drive, West Palm Beach, FL 33406

Beds
3
Baths
3
Living area
1,384 sq ft
$ / sq ft
$245/sq ft
Year built
2001
Lot size
1,986 sq ft
HOA fee
$325 Monthly
Annual tax
$4,934

About this property

Beautifully updated corner-unit townhome in the desirable Summit Lakes community of West Palm Beach! This bright and spacious 3 bedrooms and 2.5 bathrooms residence features a brand-new roof, and the full community assessment has already been paid in full by the seller, offering peace of mind and added value. The premium corner location provides extra privacy and abundant natural light throughout. Conveniently located near shopping, dining, major highways, and everything West Palm Beach has to offer. Excellent opportunity for both homeowners and investors alike. Property is also available for rent at $2,895 per month, offering immediate income potential and future flexibility.Low HOA fees and low property taxes as well as location make this home very desirable. FHA Ok

Property location

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816 Summit Lake Drive, West Palm Beach, FL 33406

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
1,384 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air, Ceiling Fans, Electric
Heating
Central
Interior features
Eat In Kitchen, Family Dining Room, Main Living Area Entry Level, Split Bedrooms, Upper Level Primary, Walk In Closets, Skylights
Furnished
Unfurnished

Exterior & Structure

Property type
Townhouse
Year built
2001
Stories
2
Lot size
1,986 sq ft
Architectural style
Cluster Home, Two Story
Roof
Concrete, Tile
Construction
Stucco
Exterior features
Fence, Patio, Storm Security Shutters
Pool
None, Association, Community

Parking

Garage spaces
0
Covered spaces
0
Parking features
Assigned, Detached, Garage, Two Or More Spaces

HOA, Community & Financials

Association fee
$325 Monthly
Fee inclusions
Common Area Maintenance, Cable Tv, Internet, Parking, Pools, Trash
Amenities
Pool
Pets allowed
No
Annual tax
$4,934
Subdivision
SUMMIT LAKE
County
Palm Beach
Days on market
148
MLS listing ID
B26030631
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

$540

Cap rate
7.6%
Net yield
7.6%
Cash-on-cash return
6.8%
Gross yield
12.1%
Mortgage payment
$1,607/mo
Down payment
$84,750
Loan amount
$254,250
Annual NOI
$25,761

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