the villas at emerald dunes west palm beach, fl 33411 6495 ... · auto wash area pet stations...

The Villas at Emerald Dunes10 Condominium Units

6495 Emerald Dunes Dr.

West Palm Beach, FL 33411

The Offering

Purchase Price: $1,890,000

Price Per Unit: $189,000

Price PSF: $149.35

Monthly Income: $17,385

Monthly Expenses: $8,138.73

Cap Rate: 5%

No. of Units: 10

Unit Types: (5) 2B/2B & (5) 3B/2B

Parking: Mix of Carports & Uncovered

Livable Sq. Ft.: 12,655

Year Built: 2006

FHA/FNMA Approved!!!

The Property

Amenities include: Recreational Features

2 magnificent clubhouses totaling 9,500 SF

Spacious media room with surround sound

H.D.T.V.

2 state-of-the-art 24/7 fitness centers

2 heated whirlpool spas

Business center/conference / library rooms

Residents party room with kitchen

Card/game/billiard rooms

Yoga/stretching/aerobics room

Lighted tennis court and putting green

Fully gated, fenced private setting

Controlled access gates with intercom to each

unit

Impeccably landscaped grounds

Auto wash area

Pet stations

Secluded meditation gardens with waterfalls

Utilities: municipal water / sewer

Welcome to The Villas at Emerald Dunes. A

Gated Luxury Condominium Community in a

fantastic West Palm Beach location. Right off of

the Florida Turnpike, and just a short drive to

Downtown West Palm Beach, The Palm Beach

International Airport, The Wellington Mall, The

International Polo Club of Palm Beach, World

Famous Beaches, The Palm Beach Outlets, and

other attractions. Resort-Style Living in

Paradise!

Site Plan

Area Map

The Units

Residential Features

Superior CBS construction

Hurricane resistant windows & sliding glass doors

High ceilings and crown moldings in living, dining rooms and kitchens

Tile flooring throughout except for bedrooms

Upgraded carpet in bedrooms

Master bedrooms with spacious walk-in closets

Contemporary lighting/ceiling fans/window treatments

Pantries and linen closets

Separate laundry rooms with full size washer & dryer

High efficiency, energy saving A.C. & hot water heater

Uncovered spaces & carports

Large covered patios/screened first floor

State-of-the-art HDTV satellite/cable ready

High speed internet access

Satellite TV with up to 180 channels

Alarm systems

European-style cabinetry

Granite countertops & back splash

G.E. stainless steel appliances

G.E. radiant cook top oven and built-in microwave

The Units Cont.

Floor Plans

Floor Plans Cont.

Units (PCN #’s)

PCN # Unit Type B/B SF Parking

00-42-43-22-19-434-3010 6434 Emerald Dunes Drive #301 Cypress 3B/2B1390

A-6

00-42-43-22-19-475-3040 6475 Emerald Dunes Drive #304 Cypress 3B/2B1390

C-196 & U-416

00-42-43-22-19-565-2080 6565 Emerald Dunes Drive #208 Cypress 3B/2B1390

C-128 & U-344

00-42-43-22-19-565-3010 6565 Emerald Dunes Drive #301 Cypress 3B/2B1390

D22, C145, C147

00-42-43-22-19-565-3040 6565 Emerald Dunes Drive #304 Cypress 3B/2B1390

U-348

00-42-43-22-19-511-3060 6511 Emerald Dunes Drive #306 Sycamore 2B/2B1141

A-420

00-42-43-22-19-511-2080 6511 Emerald Dunes Drive #208 Sycamore 2B/2B1141

U-398

00-42-43-22-19-511-3020 6511 Emerald Dunes Drive #302 Sycamore 2B/2B1141

C-191 / U-400

00-42-43-22-19-573-1060 6573 Emerald Dunes Drive #106 Sycamore 2B/2B1141

A-326

00-42-43-22-19-573-3060 6573 Emerald Dunes Drive #306 Sycamore 2B/2B1141

A-330

Rent Roll

Unit Type B/B SF Parking Actual Rent Lease Begin Lease Exp.

6434 Emerald Dunes Drive #301 Cypress 3B/2B1390

A-6 $1,850.00 2/1/2019 1/31/2020

6475 Emerald Dunes Drive #304 Cypress 3B/2B1390

C-196 & U-416 $1,770.00 6/1/2019 5/31/2020

6565 Emerald Dunes Drive #208 Cypress 3B/2B1390

C-128 & U-344 $1,820.00 4/1/2019 3/31/2020

6565 Emerald Dunes Drive #301 Cypress 3B/2B1390

D22, C145, C147 $1,965.00 2/1/2019 1/31/2020

6565 Emerald Dunes Drive #304 Cypress 3B/2B1390

U-348 $1,735.00 7/1/2018 6/30/2019

6511 Emerald Dunes Drive #306 Sycamore 2B/2B1141

A-420 $1,735.00 4/19/2019 4/30/2020

6511 Emerald Dunes Drive #208 Sycamore 2B/2B1141

U-398 $1,625.00 1/1/2019 12/31/2019

6511 Emerald Dunes Drive #302 Sycamore 2B/2B1141

C-191 / U-400 $1,575.00 9/1/2018 8/31/2019

6573 Emerald Dunes Drive #106 Sycamore 2B/2B1141

A-326 $1,625.00 9/1/2018 8/31/2019

6573 Emerald Dunes Drive #306 Sycamore 2B/2B1141

A-330 $1,685.00 3/5/2019 3/31/2020

Annual Income/Expenses

Income/Expense Total

Income (actual):

Vacancy Loss (5%):

$208,620

($10,431)

Expenses:

Association Fees ($325/unit) $43,786

Repairs & Maintenance (estimate) $12,000

Utilities Tenants Pay

Real Estate Taxes (actual) $26,878

Insurance (estimate) $15,000

NOI $100,524

The Villas at Emerald Dunes

Presented By:

Joe Morello, Associate

Live Rite Realty Management, LLC

License: FL - SL3305851

Office: 561-530-4917

Cell: 561-339-9180

Email: Jmorello.sfg@gmail.com

Fax: 561-828-3109