10248 Heronwood Lane, West Palm Beach, FL 33412

SingleFamilyResidence · Active

$2,800,000

10248 Heronwood Lane, West Palm Beach, FL 33412 — MLS photo

Miami Foreclosures & Bank-Owned Properties

10248 Heronwood Lane, West Palm Beach, FL 33412

Bedrooms
5
Bathrooms
8
Interior
6,946 sq ft
Price / sq ft
$403/sq ft
Built
1997
Lot
—

The residence

This 5 bedroom + den, 8 bath residence is one of the largest homes in Ibis spanning nearly 7,000 square feet, on over one half of an acre! Located in one of the "estate" neighborhoods within Ibis, this residence features a grand entry with lush landscaping, circular driveway, private fountain and direct access to the golf course. The foyer opens to gracious living areas with tons of natural light and beautiful views of water and golf, ideal for entertaining and everyday comfort. The primary bedroom is upstairs but you could add an elevator or transform 2 of the 3 guest bedrooms on the first floor into a primary suite. You could also be the 2nd owner in Ibis to knock the entire home down and build a brand-new masterpiece on a highly desirable lot. Endless possibilities! The home also has... an attached guest suite/in law suite with its own kitchen and living area. A sunroom with summer kitchen and cabana bath with a sauna are just a few of this home's amenities suited to discerning buyers seeking substantial square footage and multiple functional spaces.

Property location

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10248 Heronwood Lane, West Palm Beach, FL 33412

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Facts & features

Interior

Bedrooms
5
Bathrooms
8
Living area
6,946 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1997

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$405
County
Palm Beach
MLS listing ID
B26086107
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

-$1,562

Cap rate
5.0%
Net yield
5.0%
Cash-on-cash return
-2.4%
Gross yield
8.7%
Mortgage payment
$13,273/mo
Down payment
$700,000
Loan amount
$2,100,000
Annual NOI
$140,532

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

Get More Info About This Property

10248 Heronwood Lane, West Palm Beach, FL 33412