1150 Fairview Lane
About This Property
Located between the Ocean and Intracoastal, with direct Ocean access, makes this is one of Palm Beach County's most desirable seaside communities.
The interior features 3 BR and 2.5 BA with a Split floor plan, and a large, renovated Kitchen. Outside you will find a large covered patio, 90-foot dock and a pool with water feature, making this space perfect for entertaining. It is is a beach and boat lovers dream with deeded Beach accesses for beach lovers and a deep- water canal for the boat enthusiasts. Additional Features include a 2010 Roof and 2008 Dock replacement.
Just steps away from the Beach and close to Sailfish Marina.
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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 |
|---|---|---|---|
| Mar 15, 2022 | Sold | ||
| Sold | |||
| Feb 4, 2022 | Listed by Compass Florida, LLC | $2,200,000 | |
| Listed by Compass Florida, LLC | |||
| Apr 16, 2019 | Sold | ||
| Sold | |||
| Jan 17, 2019 | Listed by Compass Florida, LLC | $1,480,000 | |
| Listed by Compass Florida, LLC | |||
| Jan 11, 2018 | Sold | ||
| Sold | |||
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About Palm Beach Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017