1487 Point Way
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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%.
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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 |
|---|---|---|---|
| May 31, 2024 | Sold | ||
| Sold | |||
| Dec 19, 2023 | Listed by K2 Realty, Inc. (NPB) | $2,590,000 | |
| Listed by K2 Realty, Inc. (NPB) | |||
| Nov 9, 2023 | No longer available | - | |
| No longer available | |||
| Sep 2, 2023 | Price Decreased |
$4,280,000
↓ $710K
(14.2%) | |
| Price Decreased | |||
| Jun 26, 2023 | Listed by Elite Worldwide Realty | $4,990,000 | |
| Listed by Elite Worldwide Realty | |||
| | |||
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Great opportunity to own this home with 285 FT (+/-) of water frontage on Holmes Harbor, in the desirable gated community of Hidden Key in North Palm Beach. NO HOA!!! This oversized lot possess most of the waterfront cul-de-sac for a private marina with a 16,000 lb. boat lift. Seawall is approx. 7-9 years old. Build the home of your dreams or bring your renovation ideas and make it your own. This home offers 3 BR + DEN / 2.5 BA / 2 CAR GAR + POOL and showcases panoramic water views from the main living areas, metal roof (installed late 2018 - early 2019) and lush landscaping. Hidden Key offers the finest of Florida living, deep water access and is conveniently close to great schools, finest restaurants, shopping malls, art venues and so much more!! The manager has listed the unit size as 2018 square feet.
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About Hidden Key
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017