1654 Sabal Palm Drive
About This Property
The resort-style backyard beckons as an incredible South Florida retreat, featuring a custom zero-edge pool and spa with a mesmerizing fire features. The pool is wrapped by a large covered loggia with a summer kitchen and fully retractable screen enclosure, further elevating the outdoor entertainment. Welcome to the epitome of modern elegance, where every detail aims to provide the ultimate luxurious golf course living experience. Buyer to pay documentary stamp taxes on the deed and title insurance.
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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 |
|---|---|---|---|
| Oct 8, 2024 | Sold | ||
| Sold | |||
| Jul 2, 2024 | Listed by Royal Palm Properties LLC | $19,750,000 | |
| Listed by Royal Palm Properties LLC | |||
| Jun 20, 2024 | No longer available | - | |
| No longer available | |||
| Mar 26, 2024 | Relisted | $19,750,000 | |
| Relisted | |||
| Mar 26, 2024 | No longer available | - | |
| No longer available | |||
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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