1500 Beach Road #403
About This Property
The manager has listed the unit size as 5210 square feet.
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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 |
|---|---|---|---|
| Nov 16, 2023 | Sold | ||
| Sold | |||
| Jun 6, 2023 | Listed | $12,950,000 | |
| Listed | |||
| | |||
|
2022 new construction condominium nestled between two parks, preserves, with unobstructed views of the Atlantic Ocean and Intracoastal waterway. Some of the features include a private elevator and foyer, separate service elevator, floor to ceiling panoramic views of the Atlantic Ocean, a high-end kitchen with gas range and pot filler, 2 dishwashers, double wall oven, large kitchen island, laundry room and large 1003 sq ft wraparound balcony with private summer kitchen. This condo has 2 master baths and 2 walk-in wardrobes. Each of the 5 bedrooms have ensuite baths. Unit includes a 2-Car Climate Control garage. This exclusive gated, 21-unit building is pet friendly and has a private dog walk and washing station. Located along a dog friendly beach!
| |||
| Jun 1, 2023 | No longer available | - | |
| No longer available | |||
| Dec 10, 2022 | Relisted | $17,900,000 | |
| Relisted | |||
| Nov 29, 2022 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/23/2025
|
3 Bed
|
4 Bath
|
3940 ft²
|
$9,250,000
3 Bed
4 Bath
3940 ft²
|
$8,250,000
-10.81%
06/05/2026
|
Andrew Daversa PA
Waterfront Properties & Club C
| |
|
07/12/2024
|
3 Bed
|
5 Bath
|
3655 ft²
|
$10,950,000
3 Bed
5 Bath
3655 ft²
|
$8,980,000
-17.99%
02/20/2025
|
Nicholas Howard Peterson
MAISON D'OR REALTY LLC
| |
|
10/25/2023
|
4 Bed
|
5.5 Bath
|
5210 ft²
|
$14,000,000
4 Bed
5.5 Bath
5210 ft²
|
-
-
|
Craig Alan Bretzlaff
Douglas Elliman (Jupiter)
| |
|
10/19/2023
|
3 Bed
|
4.5 Bath
|
3940 ft²
|
$11,950,000
3 Bed
4.5 Bath
3940 ft²
|
-
-
|
Milla Russo
Illustrated Properties LLC (Jupiter)
| |
|
06/06/2023
|
4 Bed
|
5 Bath
|
5210 ft²
|
$12,950,000
4 Bed
5 Bath
5210 ft²
|
$12,500,000
-3.47%
11/16/2023
|
Jane Letsche
NV Realty Group, LLC
| |
|
12/12/2022
|
3 Bed
|
4 Bath
|
3593 ft²
|
$11,500,000
3 Bed
4 Bath
3593 ft²
|
$10,650,000
-7.39%
03/14/2023
|
Heather Purucker Bretzlaff
Compass Florida LLC
| |
|
12/09/2022
|
3 Bed
|
4.5 Bath
|
3877 ft²
|
$12,900,000
3 Bed
4.5 Bath
3877 ft²
|
-
-
|
Robert B. Thomson
Waterfront Properties & Club C
| |
|
11/29/2022
|
3 Bed
|
4 Bath
|
3593 ft²
|
$10,800,000
3 Bed
4 Bath
3593 ft²
|
$9,410,000
-12.87%
05/25/2023
|
Nicholas Howard Peterson
MAISON D'OR REALTY LLC
| |
|
11/20/2022
|
4 Bed
|
5.5 Bath
|
5210 ft²
|
$19,800,000
4 Bed
5.5 Bath
5210 ft²
|
-
-
|
Jane Letsche
NV Realty Group, LLC
| |
|
03/04/2013
|
2 Bed
|
2 Bath
|
1200 ft²
|
$275,000
2 Bed
2 Bath
1200 ft²
|
$225,000
-18.18%
05/09/2014
|
Kim Foster
Keller Williams Realty Jupiter
|
Building Info
About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017