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18 Eleuthera Drive
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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 |
|---|---|---|---|
| Jul 2, 2026 | Listed by DeSanctis Realty Inc. | $3,999,000 | |
| Listed by DeSanctis Realty Inc. | |||
| Jul 17, 2024 | Sold | ||
| Sold | |||
| May 17, 2024 | Listed by The Corcoran Group | $2,995,000 | |
| Listed by The Corcoran Group | |||
| | |||
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Nestled in the heart of Ocean Ridge is 18 Eleuthera Drive on the desirable island neighborhood of Inlet Cay with it's dedicated police, fire and emergency services is a stunning property offering the perfect blend of waterfront living and timeless charm. Featuring approximately 2,500 living square feet, 3 zoned bedrooms (primary wing and kids or guest wing) and 2 bathrooms, this casual lifestyle home is ideal for families or those who love to entertain. Outside, the fenced and mature landscaped backyard oasis is complete with a sparkling pool with step entry and depth ideal for aqua exercise, a covered patio, new fans and lights and plenty of space for outdoor dining and lounging. This property also includes a dock that can accommodate up to a 40 - 50 foot boat with 100 feet of water frontage. Quality construction, solid wood cabinetry and granite counter tops. There is also long term potential for tear-down and rebuild. Located just minutes from the popular shopping and dining avenue in Delray Beach or a short drive to Worth Avenue in Palm Beach this home offers convenience and luxury in equal measure. A short walk brings you to the lush Ocean Ridge Hammock Park, the Atlantic Ocean and beach. Don't miss your opportunity to own this exquisite property in one of the most sought-after neighborhoods in the area. Schedule a showing today and make this dream home your reality.
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| Jun 7, 2023 | Sold | ||
| Sold | |||
| Apr 10, 2023 | Listed by DeSanctis Realty Inc. | $2,795,000 | |
| Listed by DeSanctis Realty Inc. | |||
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About Inlet Cay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017