10008 Royal Palm DRIVE
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 19, 2024 | Sold | ||
| Sold | |||
| Mar 23, 2024 | In contract | - | |
| In contract | |||
| Mar 2, 2024 | Listed by LOKATION | $1,295,000 | |
| Listed by LOKATION | |||
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Paradise can be yours with this waterfront home on a deep saltwater canal with direct access to the Intracoastal Waterway and the Gulf of Mexico. This 3-bedroom, 2-bath home is updated inside and out and wholly furnished; you only need to unpack. You can easily be on a permanent vacation from the open concept floor plan to the expansive views straight down the canal opening to the bay; the heated pool, tropical landscape, boat dock w/lift, and island decor complete this tropical home.
You can easily bike to Anna Maria Beaches (3 miles away) or walk to many restaurants and shops (less than a half mile).
Ease your mind with the many upgrades like a new metal roof (2023), spray foam attic insulation (2023), freshly painted exterior and garage (2023), new beds/mattresses, furnishings, and more. Additional systems include HVAC (2015), 2013 hurricane-rated windows and garage door, a 23' lift and dock (2015), and a heated caged pool (2013). The open kitchen and dining area have stainless steel appliances, maple cabinetry, a barstool dining counter, soft-close pull-out drawers, a butcher block inset, and granite countertops. Relax and unwind on island time in the great room and additional living space (with a queen sleeper).
The split bedrooms with dual access to the pool and outdoor living space keep the vacation vibe alive.
Plenty of room exists to expand the outdoor paradise with the extra space off the garage and into the side yard. The paved driveway, well, sprinkler system with timer, oversized side loader garage, PVC fencing, and plumbing pipes enhance this gem even further. HOA fees are optional. Non-deed restricted and no CDD fees. The house is an excellent investment opportunity and is ready to rent (turnkey). Or, for those who are looking to relocate to paradise, look no further. Room Feature: Linen Closet In Bath (Primary Bedroom).
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| Mar 24, 2023 | Sold | ||
| Sold | |||
| Oct 26, 2022 | Listed by WAGNER REALTY | $1,249,999 | |
| Listed by WAGNER REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017