1248 SE 8th Street
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%.
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 |
|---|---|---|---|
| Jul 21, 2026 | Sold | ||
| Sold | |||
| May 29, 2026 | In contract | - | |
| In contract | |||
| May 17, 2026 | Price Decreased |
$799,000
↓ $26K
(3.1%) | |
| Price Decreased | |||
| Feb 19, 2026 | Price Decreased |
$824,900
↓ $43K
(5%) | |
| Price Decreased | |||
| Dec 6, 2025 | Listed by Real Broker LLC | $867,900 | |
| Listed by Real Broker LLC | |||
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Roof is 2004 with current 4pt inspection stating it has 12-13 years more for life expectancy. Partially repiped with new drainage in 2009. AC is 2020. Electrical is 200 AMP. Water Heater is 2009. 4pt inspection from 2023 available for your review. A bright open floor plan, impact windows and doors, a saltwater heated pool and a private tropical backyard create the perfect setting for everyday living or a relaxing escape. This home is meticulously maintained. It's a must see in person. This property is also a licensed fully turnkey and currently operating as a high-performing vacation rental. Welcome to The Cove lifestyle. This is a warm and inviting three bedroom two bathroom home that has been lovingly cared for and thoughtfully improved over the years. From the moment you arrive, the circular driveway, manicured landscaping and striking custom double impact glass front door set the tone for the quality that continues throughout the property. Inside, natural light fills every room and the open layout creates an easy flow from the main living spaces to the Florida room and out to the private backyard oasis. The interior features a mix of ceramic tile, terrazzo and vinyl flooring that bring character and durability. Impact windows and doors provide peace of mind along with improved energy efficiency. The kitchen opens to the living and dining areas, creating a welcoming space to gather. Closet systems and built in cabinetry add convenience and maximized storage. The Florida room spans the back of the home with wide views of the pool and lush landscaping, making it an ideal space for relaxing, entertaining or simply enjoying quiet mornings. Step outside and you will find one of the best features of this home. The backyard is a true getaway with a sparkling saltwater pool, heated for year round enjoyment, surrounded by tropical greenery that creates natural privacy. A hot tub sits tucked into its own nook for evenings under the stars. The screened patio offers additional living space for dining, lounging or hosting friends. A large walk in shed provides impressive storage for beach gear, tools, bikes and more. The entire outdoor area is designed for comfort and enjoyment whether you live here full time or are looking for an ideal seasonal retreat. Practical features include a 2005 S tile roof, a one car garage with storage and laundry area, and a circular driveway that provides ample parking. The home is being offered unfurnished but has been meticulously maintained and is move in ready. The Cove is one of Deerfield Beach's most loved neighborhoods thanks to its walkability, friendly coastal vibe and unbeatable location east of US 1. Residents enjoy quick access to the award winning Deerfield Beach shoreline, the fishing pier, waterfront dining, cafes, beachside stores, grocery shopping and everyday conveniences. Many people choose The Cove because it offers the rare blend of a relaxed beach lifestyle with the comfort of a well established residential community. You can bike or take a golf cart to the beach, stroll to local restaurants or head out for a sunset walk. With no HOA, there is flexibility for full time residents, seasonal owners and investors. Deerfield Beach is known for its vibrant coastal energy, clean beaches, world class water activities and small town charm. Living in this area means enjoying outdoor living, community events, incredible dining options and easy access to Boca Raton and Fort Lauderdale. Whether you love paddle boarding, fishing, biking, beach yoga or simply being near the ocean, this location supports the best of the South Florida lifestyle. Homes like this do not come to market often. Between the impact protection, heated saltwater pool, custom finishes, lush outdoor spaces and the coveted Cove location, this property stands out as an exceptional opportunity. Schedule your showing today, This is your chance to enjoy the best of coastal living in one of Deerfield Beach's most popular neighborhoods. This property is also a licensed fully turnkey and currently operating as a high-performing vacation rental.
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About The Cove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017