4
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11352 Alligator Trail
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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%.
How much can I actually make?
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 |
|---|---|---|---|
| Aug 26, 2025 | In contract | - | |
| In contract | |||
| Jun 6, 2025 | Sold | ||
| Sold | |||
| Oct 28, 2023 | Listed by LAB Real Estate LLC | $1,900,000 | |
| Listed by LAB Real Estate LLC | |||
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Discover the unparalleled beauty of this 5-acre lot with a captivating lake view in Homeland, a truly rare and exceptional asset. Nestled within an equestrian neighborhood that borders over 145,000 acres of pristine wilderness, this property offers a unique blend of natural tranquility and urban convenience. Imagine waking up to the sight of roaming deer in this picturesque and peaceful setting, all while enjoying the modern amenities of ''in-town'' living.
With ample space to build your dream home, guest house, barn, covered arena, and riding ring on this cleared 5-acre lot, the possibilities are endless. Free from wetlands, which typically incur development costs of up to $120,000 per acre, this property presents a valuable investment opportunity. Motivated Seller, significant price drop, make an offer.
Just a short drive away from Polo, Global, PBIEC, and WEF, as well as major conveniences such as the Turnpike, Whole Foods, shopping malls, golf courses, and Palm Beach International Airport, this location offers the perfect balance of luxury and accessibility. With a 24/7 guard and gated subdivision ensuring security and privacy, this property is truly a hidden gem. Explore over 15 miles of bridle paths, revel in the tranquility, and make this exclusive slice of paradise your own.
Homeland, a community untouched by assessments throughout its history, boasts a meticulously managed HOA treasury and well-maintained properties. With DEP authorization for development, this pristine land is cleared and ready for your vision to come to life. Situated on the esteemed Alligator Trail, surrounded by luxurious $6-$10 million dollar homes in accordance with the laws of conformity, this location offers a prestigious address.
Enjoy the benefits of low HOA fees and taxes, along with access to top-rated schools in the area. The tranquility and prestige of Homeland, paired with the convenience of authorized development, make this a truly exceptional opportunity for those seeking a refined and exclusive lifestyle.
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| May 20, 2022 | Sold | ||
| Sold | |||
| Apr 25, 2022 | Listed by Engel & Volkers Wellington | $1,199,000 | |
| Listed by Engel & Volkers Wellington | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017