Singer Island’s amazing beauty is one of the reasons for the tremendous growth that has been observed over the past few years in its real estate market. Capri is a luxurious condominium tower located at 5250 N. Ocean Dr. Singer Island, Palm Beach County, Florida. The building is one of the most approached options by investors and seekers of residential units alike in the area. This is because of its location near the beautiful waters of the Atlantic Ocean, as well as the fact that it provides amazing features and amenities that are highly attractive to owners, residents, and investors.
Capri is a 16-floor single tower building that was built in 1985. It is located in mid- Singer Island, which consists of a total of 28 condo units. Each of the 16 floors has 2 condos, which are spacious and provide dual waterfront views from their equally spacious balconies. The units comprise of mainly 2 to 3 bedroom units, each of which features 2.5 baths.
The living space area ranges from 2250 to 2850 square feet. Monthly rent is always an important factor to consider before choosing rental property. Condo fees average at $2600, paid quarterly, but may vary with the specific unit you choose. One annual lease is permitted for rentals, with a minimum lease renewal period of 365 days.
Other amenities of the Capri include a heated swimming pool, owners’ lounge, tennis courts, and fitness facilities. The condos are also pet-friendly, although only one pet is allowed, whose maximum weight should be 10 pounds. Capri may be a good option to consider for dwellers or investors looking for long term investment since the units are not traded frequently.