16135 Emerald Estates Dr 166, Weston, FL 33331 — MLS photo

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16135 Emerald Estates Dr 166, Weston, FL 33331

Active · Condominium

$575,000

16135 Emerald Estates Dr 166, Weston, FL 33331

Beds
3
Baths
3
Living area
1,529 sq ft
$ / sq ft
$376/sq ft
Year built
2006
Lot size
—
HOA fee
$4,172
Annual tax
—

About this property

Welcome HOME to the Island House of The Palms at Weston, the sought-after, guard-gated 55+ community. Whether you are in your 60s, 70s or 80s, there is something here for you. This beautiful first-floor residence offers stunning lake views and direct access to the walking path from your private patio gate. Your new home combines comfort, style, and convenience in one of Weston’s premier communities. This spacious light-filled 3 bedroom, 2 ½ bath residence features an open-concept layout with elegant neutral flooring throughout, crown molding, recessed lighting, and impact glass windows & doors. The kitchen showcases wood cabinetry, granite countertops, stainless steel appliances, and a bar area perfect for casual dining. The primary suite offers a peaceful retreat with a large walk-in closet, double vanities, separate shower, and a custom walk-in bathtub. The laundry has a newer washer and dryer and a laundry tub. A private storage unit conveniently located on the 4th floor in the Island House. Enjoy resort-style living with luxury amenities including a pool and spas, fitness center with sauna and steam room, concierge services, valet parking, clubhouse, social room, library, card room, beauty salon, restaurant, & more. Maintenance includes cable, internet, water, trash, and a quarterly restaurant credit. Ideally located near Publix, restaurants, boutiques, pharmacies, Cleveland Clinic, and major highways. This low-maintenance waterfront living is ready for you!

Property location

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16135 Emerald Estates Dr 166, Weston, FL 33331

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
1,529 sq ft

Exterior & Structure

Property type
Condominium
Year built
2006

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$4,172
County
Broward
MLS listing ID
A12015453
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

-$4,244

Cap rate
-3.2%
Net yield
-3.2%
Cash-on-cash return
-31.6%
Gross yield
9.0%
Mortgage payment
$2,726/mo
Down payment
$143,750
Loan amount
$431,250
Annual NOI
-$18,218

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