1435 N Ocean Way
About This Property
The residence is located on a quiet street and features a walkway accessible from the side yard that leads to your own 35 foot parcel on the beach, where you can create your dream cabana, perfect for Palm Beach entertaining on the ocean. After a day at the beach, leave your paddleboard and beach chairs, and walk back down the private path to relax in the a newly updated in-ground pool - conveniently located just off the the ground floor living area, with an additional separate entrance to the master suite. This gorgeous Palm Beach escape awaits you and your family.
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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 |
|---|---|---|---|
| Jun 2, 2024 | No longer available | - | |
| No longer available | |||
| Feb 18, 2023 | Price Decreased |
$10,995,000
↓ $1M
(8.3%) | |
| Price Decreased | |||
| Dec 1, 2022 | Price Decreased |
$11,995,000
↓ $505K
(4%) | |
| Price Decreased | |||
| Dec 1, 2022 | Relisted | $12,500,000 | |
| Relisted | |||
| Jun 28, 2022 | No longer available | - | |
| No longer available | |||
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About Esplanade Estates
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$4,400 /mo
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$3,950 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017