1101 Coral Way
About This Property
With a deeded beach access, this location provides an easy walk or bike ride to beach, Ocean Walk shopping, and MacArthur Park. Recent improvements include:
2014-Tile roof & flat roof * 2019 Pool timer * 2018 Pool sweep * 2017 pool filter * 2006 Pool tile, coping & pavers * 2015-Trane AC system * 2015 Whirlpool dryer * 2016-G.E. washer * 2018-Whirlpool dishwasher * Newer Tankless hot water heater in Master Bath * 2000 Kitchen Remodeled * Impact and accordion shutters rear * New garage door opener * Pool coping and brick pavers early 2000's.
Location, Location, Location! Centrally located between Palm Beach Gardens and the Island of Palm Beach, you will enjoy Florida's scenic Atlantic coast that offers residents so many exciting things to see and do. Explore pristine beaches, head out on a kayak or paddleboard, go parasailing, hang out with friends on Peanut Island, cruise to the Bahamas or simply relax and enjoy the unspoiled parks and championship golf courses. Indulge in some of the finest shops at on Worth Avenue or the Gardens Mall. Take a stroll or bike ride along the island, attend the green market at Ocean Walk, downtown West Palm Beach or Palm Beach Gardens. Find one-of-a kind art at the local art festivals in Juno Beach and Abacoa. There are gift shops, salons, medical and dental offices, grocery stores, banks and places of worship all within 10 minutes and traveling is a breeze as the airport is only a 10-15-minute drive. Unlimited possibilities exist to make this your perfect beach retreat.
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What does this mean?
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.
How is cap rate calculated?
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.
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About Palm Beach Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017