1948 Coco Palm Place
About This Property
Elegant and modern interior details include classic travertine filled and honed stone floors, lavish tray ceilings throughout and sandblasted glass doors. The spacious split layout features two bedroom suites with private bathrooms, massive primary bedroom, white shaker cabinets, beveled granite finishes, French doors, and a custom wet bar complete with a dual-zone wine cooler and optimized space perfect for entertaining.
Designed for modern comfort and efficiency, this home features impact windows and doors, security cameras, interior and exterior JBL speakers, and an 80-gallon heat pump water heater with a soft water filtration system. Two air conditioning systems (4-ton and 1.5-ton) ensure climate control, double Maytag refrigerator, Rachio SMART technology sprinkler system ensures efficient and eco-friendly irrigation, new epoxy-coated garage floor and 2021 ALL ALUMINUM ROOF! Refresh in a 28' x 12 pool with a tranquil waterfall, surrounded by a beautifully landscaped courtyard and lush greenery. Minutes from the ocean and in the heart of everything Lauderdale-by-the-Sea has to offer! Elevated living in an unbeatable location!
Please return for aerial/drone photos as we were rained out but they are coming soon!
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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 |
|---|---|---|---|
| Jan 30, 2026 | Sold | ||
| Sold | |||
| Jan 14, 2026 | In contract | - | |
| In contract | |||
| Dec 14, 2025 | Price Decreased |
$1,619,000
↓ $16K
(1%) | |
| Price Decreased | |||
| Dec 5, 2025 | Price Decreased |
$1,635,000
↓ $45K
(2.7%) | |
| Price Decreased | |||
| Nov 8, 2025 | Price Decreased |
$1,679,999
↓ $20K
(1.2%) | |
| Price Decreased | |||
Property Highlights
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About Lauderdale-by-the-Sea
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017