1130 Island Road
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 20, 2025 | Sold | ||
| Sold | |||
| Sep 30, 2025 | In contract | - | |
| In contract | |||
| Jul 12, 2025 | Price Decreased |
$1,199,000
↓ $26K
(2.1%) | |
| Price Decreased | |||
| Jun 14, 2025 | Listed by Ryan Apple Realty Group LLC | $1,225,000 | |
| Listed by Ryan Apple Realty Group LLC | |||
| |||
|
Welcome to this stunning 3-bedroom, 2-bathroom single-family home in Singer Island, just under half a mile from the beautiful ocean and Intracoastal Waterway. Boasting nearly 1,800 square feet of living space, this home features a gorgeous pool, in-home sauna, and a host of recent upgrades. Enjoy peace of mind with impact windows and doors, a newer metal roof (2021), and a newer A/C and water heater (2020). The electrical box and plumbing were both updated in 2021, while the kitchen, bathrooms, floors, baseboards, and trim were all beautifully remodeled. The exterior was painted in 2018, and the interior was refreshed in 2021. The pool area is ready to impress with a new pump and filter (2024). With no HOA, this home offers both luxury and convenience in a prime location!
| |||
| May 7, 2025 | Price Increased |
$1,225,000
↑ $25K
(2.1%) | |
| Price Increased | |||
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About Palm Beach Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017