126 PALMETTO Trail
About This Property
The home is in the Key West style surrounding an expansive water to sky vista from every major room and outdoor porches. Direct lake access on Lake Rocky perfect for boating, paddleboarding ,swimming or simple soaking in the sunset. Modern updated interior with new countertops and appliances. Downstairs offers
master suite with office space and adorable guest area.
Private dock, dockside firepit area and lounging nooks.
Outdoor kitchen areas offer eating spaces, refrigerators and cooking area and bathroom.
New windows and paint.
Wild live abounds with deer, turkeys and rabbits in the private gated nearly 9 acre estate. Multiple storage areas for tools and equipment.
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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 7, 2026 | Sold | ||
| Sold | |||
| Jun 6, 2026 | In contract | - | |
| In contract | |||
| Apr 19, 2026 | Price Decreased |
$575,000
↓ $25K
(4.2%) | |
| Price Decreased | |||
| Mar 24, 2026 | Price Decreased |
$599,900
↓ $30K
(4.8%) | |
| Price Decreased | |||
| Jan 19, 2026 | Listed by FLORIDA HOMES REALTY & MTG LLC | $629,900 | |
| Listed by FLORIDA HOMES REALTY & MTG LLC | |||
Property Highlights
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About Putnam
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017