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1851 Thatch Palm Drive
About This Property
A brick-paver circular driveway and covered entry create a polished arrival, leading into light-filled interiors enhanced by plantation window coverings and seamless, step-free transitions throughout. The spacious primary suite enjoys tranquil pool views and a comfortable sense of separation, while the overall layout balances openness with privacy.
Outdoors, the gated backyard is designed for relaxed entertaining, featuring a custom heated pool and spa, along with a screened lanai complete with summer kitchen and lounge areaperfect for enjoying Florida living year-round. Additional features such as natural gas and a generator add peace of mind and everyday convenience.
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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 |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Apr 16, 2026 | In contract | - | |
| In contract | |||
| Apr 6, 2026 | Price Decreased |
$4,900,000
↓ $250K
(4.9%) | |
| Price Decreased | |||
| Dec 16, 2025 | Listed by Royal Palm Properties LLC | $5,150,000 | |
| Listed by Royal Palm Properties LLC | |||
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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