18240 SE Heritage Drive
About This Property
Florida lifestyle, close to beaches, and all the best restaurants!
Welcome to this stunning 4-bed 4.5-bath home with dedicated study, in prestigious gated community of Heritage Oaks. This beautiful community is blessed with a coveted Tequesta address and low Martin county taxes. This home offers a bright, open floor plan perfect for entertaining. Highlights include: Chef's kitchen, butler pantry, large laundry room, and lovely master bedroom suite.
Situated on a a lush .45 acre lot, this residence offers many recent updates including: roof in 2025, 2 AC units 2023, all new hurricane impact windows and doors, 2025, and freshly refinished pool 2025. This home has been beautifully renovated top to bottom. Bonus all bedroom are ensuite!
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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 |
|---|---|---|---|
| Apr 14, 2026 | Sold | ||
| Sold | |||
| Apr 5, 2026 | In contract | - | |
| In contract | |||
| Mar 4, 2026 | Price Decreased |
$2,195,000
↓ $200K
(8.4%) | |
| Price Decreased | |||
| Feb 4, 2026 | Price Decreased |
$2,395,000
↓ $180K
(7%) | |
| Price Decreased | |||
| Jan 9, 2026 | Listed by Paradise Real Estate Intl | $2,575,000 | |
| Listed by Paradise Real Estate Intl | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017