1840 SABAL PALM DRIVE
About This Property
The open floor plan boasts travertine tile floors and beautifully designed travertine showers. The spacious primary suite includes a walk-in closet and ensuite bathroom for added comfort.
The oversized lot provides a circular driveway and a two-car garage, offering plenty of parking. Step into your private backyard oasis, complete with a solar-heated pool, large patio, and firepit. A generously sized shed in the backyard ensures all your storage needs are met.
Located just minutes from the best fishing spots on the Indian River and only 5 miles from the famous New Smyrna Beach, this home is perfect for enjoying Florida's coastal lifestyle. Plus, there's NO HOA! Enjoy city water and sewer with the added bonus of blue water for irrigation.
This home won't last long-schedule your private tour today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 9, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
| Nov 26, 2024 | Price Decreased |
$444,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Oct 23, 2024 | Price Decreased |
$449,000
↓ $3K
(0.7%) | |
| Price Decreased | |||
| Oct 2, 2024 | Relisted | $452,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017