Townhome with Heated
For Sale
$469,000
1219 PERIWINKLE Place, Wellington, FL 33414
A detached garage, six-car driveway, and a professionally treated studio-style bedroom add flexible features to this residence.
Property Size1,275 SF
Price / SF$367.84
Days on Market35
Property Features for 1219 PERIWINKLE Place
General Information
Standard status
Active
Size
1,275 SF
Total Parking Spaces
1
Property subtype
Quadruplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,444
Amenities
pool
hot tub
washer/dryer
Building Details
Building Size
1,275 SF
Year Built
1987
Buildings
1
Stories
1
Listing Agency:
Willy Bonkers Inc
Listed By:
Steven Leeds · License #3258735
(954) 646-0871
Source:
Dietzelber
Added: Sep 24
Changed: Oct 27
Last Checked: Oct 26 at 5:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Willy Bonkers Inc
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Investment Insights
Based on property information with market context.
This 1,275-square-foot, one-story townhome has three bedrooms and two and a half baths. Interior features include 15-foot ceilings, Saltillo-style ceramic tile in the common areas and primary suite, and a remodeled kitchen with granite counters and a river-rock backsplash. The kitchen also has a dishwasher, trash compactor, electric range, microwave with vent hood, French-door refrigerator, and copper double-basin sink. The third bedroom has professional sound treatment, a vocal booth, a drum riser, audio connections, and monitor speakers; it can also serve as a bedroom or media room.
The fenced backyard includes a screened, heated pool with a built-in hot tub and access to a poolside half bath. The property also has a detached one-car garage and a driveway that accommodates six cars. Washer and dryer are included. An oversized central AC system, ceiling fans, windstorm-rated windows, accordion shutters on two windows, and a receptacle for a whole-house generator round out the property’s features. Built in 1987, the home is in Wellington, Florida.
The fenced backyard includes a screened, heated pool with a built-in hot tub and access to a poolside half bath. The property also has a detached one-car garage and a driveway that accommodates six cars. Washer and dryer are included. An oversized central AC system, ceiling fans, windstorm-rated windows, accordion shutters on two windows, and a receptacle for a whole-house generator round out the property’s features. Built in 1987, the home is in Wellington, Florida.
Key Highlights
- 1,275‑square‑foot, one‑story townhome with 3 bedrooms and 2.5 baths
- Screened, heated pool with built‑in hot tub and fenced backyard
- 15‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,609
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,180
$392.2K
Cap Rate 7%
$280,129
$280.1K
Cap Rate 9%
$217,878
$217.9K
Market Conditions
NOI Build-Up for 1,275 SF
Gross rent
$37.3K $29.28/SF
− Vacancy
−$1.7K −$1.32/SF
EGI
$35.7K $27.96/SF
− OpEx
−$16.0K −$12.58/SF
NOI
$19.6K $15.38/SF
Area
Palm Beach County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,180
Cap Rate 7%
$280,129
Cap Rate 9%
$217,878
Alternative Uses
Best Use
Apartment 5plus
$280.1K
$245.1K – $326.8K
NOI $19,609 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$897.9K
$785.7K – $1.05M
NOI $62,855 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
685
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Business Placement
Demographics for 33414, FL
59,802
Population
23,111
Households
2.6
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
28.3 sq mi
ZIP Area
2,113
Density / Sq Mi
$105,953
Median Household Income
$52,892
Median Earnings
$2,326
Median Rent
$533,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A detached garage, six-car driveway, and a professionally treated studio-style bedroom add flexible features to this residence.
Where is this residential income property located?
The property is located at 1219 PERIWINKLE Place Wellington, FL.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 1,275‑square‑foot, one‑story townhome with 3 bedrooms and 2.5 baths; Screened, heated pool with built‑in hot tub and fenced backyard; 15‑foot ceilings
