159 W Coconut Palm Road
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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 |
|---|---|---|---|
| Jul 10, 2026 | Sold | ||
| Sold | |||
| Jul 3, 2026 | In contract | - | |
| In contract | |||
| Apr 6, 2026 | Price Decreased |
$8,900,000
↓ $375K
(4%) | |
| Price Decreased | |||
| Jan 21, 2026 | Price Decreased |
$9,275,000
↓ $225K
(2.4%) | |
| Price Decreased | |||
| Nov 13, 2025 | Listed by Royal Palm Properties LLC | $9,500,000 | |
| Listed by Royal Palm Properties LLC | |||
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Discover the perfect opportunity to renovate or build your dream home in one of Boca Raton's most prestigious communities—Royal Palm Yacht & Country Club. This single-story waterfront residence offers 104 feet of prime frontage on the Butterfly Palm Waterway, providing direct Intracoastal and ocean access, ideal for boating enthusiasts. Spanning 4,412 square feet of living space, the home features a split-bedroom floor plan with 4 bedrooms plus an office, 4 full bathrooms, and 1 half bath. Interior highlights include volume ceilings, spacious living areas, and a 3-car garage. Set on a desirable lot with water views, this property presents exceptional potential for customization or new construction. Property being sold as-is. No impact glass.
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About Royal Palm Yacht and Country Club
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017