1850 Sabal Palm Drive
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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.
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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 30, 2024 | Sold | ||
| Sold | |||
| Dec 22, 2023 | Listed by Royal Palm Properties LLC | $6,299,999 | |
| Listed by Royal Palm Properties LLC | |||
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Step into timeless elegance at 1850 Sabal Palm Drive, a remarkable residence on a prime corner lot within the highly sought-after Royal Palm Yacht & Country Club enclave. Crafted to meticulous standards by Janik Corporation, this exceptional property welcomes you with a grand two-story foyer that beckons towards a stunning formal living room with collapsing sliding glass doors to the backyard haven. Delight in the serenity of the outdoors, surrounded by lush landscaping, large turf yard, summer room with kitchen and retractable screen enclosure, and an enticing pool featuring a sun shelf and raised spa!
This sophisticated abode boasts five generously sized bedrooms (including a VIP suite), spacious office, handsome club room, and formal dining room, offering versatility for any hosting needs. The interior showcases exquisite coffered ceilings, traditional millwork accents, and marble and Brazilian cherry wood flooring, casting an ambiance of opulence and warmth.
Upstairs, go through the loft living room with a bar to the spacious master suite. The owners enjoy a true sanctuary with a spa-like marble-adorned bathroom, boutique closets, and a private balcony overlooking the beautiful backyard. This space is a retreat within the home.
The residence features a 3-car garage with golf cart storage, ample guest parking in the circular driveway, and a natural gas generator, ensuring efficiency and peace of mind. Welcome to a residence where luxury meets functionality, creating a haven that exceeds expectations.
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| Dec 26, 2013 | Sold | ||
| Sold | |||
| Nov 12, 2012 | Listed by Royal Palm Properties LLC | $3,395,000 | |
| Listed by Royal Palm Properties LLC | |||
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New construction home built by Saharra Homes on an interior corner lot in Royal Palm Yacht & Country Club. Home features Brazilian teak wood flooring in all main living areas, formal living and dining rooms, spacious kitchen with Viking appliances throughout including a Subzero refrigerator, wall oven, warming drawer, microwave and gas range and two Bosch dishwashers. Family room, clubroom, den/library, elevator, natural gas and generator. Second floor master suite with his and her walk in closets, grand master bath with his and her vanities and seperate tub and shower. This home has a 3 car garage plus golf cart and is ready for occupancy. Buyer to pay documentary stamps on the deed and title insurance.
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| Mar 2, 2012 | Sold | ||
| Sold | |||
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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