1318 W Terra Mar Drive
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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%.
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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 |
|---|---|---|---|
| Sep 29, 2021 | No longer available | - | |
| No longer available | |||
| Sep 21, 2021 | Listed by Compass Florida, LLC | $2,249,000 | |
| Listed by Compass Florida, LLC | |||
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Impeccably remodeled & gated Terra Mar estate! This beautiful home is situated on an oversized corner lot & is just steps to the beach. Upon entering, you're greeted w/ marble-like porcelain floors, an open floor plan & tons of natural lighting from the floor-to-ceiling windows. The eat-in chef's kitchen features a waterfall island w/ custom Italian cabinetry. 5 bedrooms, including the 2nd floor master w/ pool & garden views. Move-in ready w/ all the bells & whistles including impact doors & windows, linear diffuser ac vents, hingeless magnetic doors & LED lighting. Fabulous outdoor oasis w/ cabana bath, pool, newer landscaping, awnings & outdoor kitchen to enjoy South FL's sunny weather! Located in a gated community close to Pompano Beach & Lauderdale by the Sea's shops & restaurants. The manager has listed the unit size as 3706 square feet.
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| May 18, 2021 | Sold | ||
| Sold | |||
| Dec 30, 2020 | Listed by Coldwell Banker Realty | $1,650,000 | |
| Listed by Coldwell Banker Realty | |||
| Oct 13, 2014 | Sold | ||
| Sold | |||
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About Terra Mar Island Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017