53
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1211 Gulfstream Way
About This Property
The downstairs master suite includes oversized his & her closets, a spacious bathroom with a built-in dressing table, dual shower, soaking tub, and separate toilet rooms all finished in the highest quality marble floor and Snow White marble counter tops. The upstairs boasts a spacious master suite with a large deck the full width of the house overlooking the pool and the water. Three additional upstairs bedrooms are all ensuites with luxury finishes and large walk-in closets also open out to the deck. The deck has a 14'X19' covered area. There is a day kitchen with sink and refrigerator in the gallery. Additional features include a large veranda with summer kitchen and cabana bath. This home is architect designed and has a West Indies flare with many contemporary features and includes new lush tropical landscaping. No furnishings, window treatments, light fixtures (except those already installed) or built-ins are included in the sale price.
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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 24, 2026 | Price Decreased |
$6,450,000
↓ $100K
(1.5%) | |
| Price Decreased | |||
| Apr 2, 2026 | Price Decreased |
$6,550,000
↓ $200K
(3%) | |
| Price Decreased | |||
| Jan 31, 2026 | Price Decreased |
$6,750,000
↓ $200K
(2.9%) | |
| Price Decreased | |||
| Nov 14, 2025 | Listed by Compass Florida LLC | $6,950,000 | |
| Listed by Compass Florida LLC | |||
| Aug 3, 2023 | No longer available | - | |
| No longer available | |||
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About Palm Beach Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017