1996 Palmer Drive
About This Property
Welcome to The Southport, a beautifully designed home where comfort, style, and everyday living come together. This inviting floor plan offers 3 bedrooms, 2.5 baths, a versatile loft, and a covered back patio--perfect for relaxing mornings or unwinding at the end of the day.
At the heart of the home, the thoughtfully designed kitchen with 42'' cabinetry, Valor White quartz countertops, a classic tile backsplash, stainless-steel appliances, and a spacious center island, creating an ideal space for gathering, hosting, or simply enjoying everyday moments. The open great room is filled with natural light and anchored by a gas log fireplace, making it a cozy yet elegant place to call home.
The primary suite offers a peaceful retreat, complete with double vanity, separate garden tub and shower, and a generous walk-in closet. Two additional bedrooms share a hall bath, providing flexibility for guests, home office space, or hobbies.
Enjoy the convenience of nearby outdoor recreation at South Graham Park (just 1 mile away) or Cedar Rock Park (approximately 15 minutes). With I 85/40 only 2 miles away, commuting to RTP or the Triad is quick and easy.
The Southport is nearing completion--schedule your tour today and experience the lifestyle waiting for you at Oakmont! Photos are of similar home, options may vary.
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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 |
|---|---|---|---|
| Jul 9, 2026 | Sold | ||
| Sold | |||
| Jun 18, 2026 | In contract | - | |
| In contract | |||
| Apr 28, 2026 | Price Decreased |
$365,700
↓ $10K
(2.7%) | |
| Price Decreased | |||
| Mar 23, 2026 | Listed by WINDSOR REAL ESTATE GROUP | $375,990 | |
| Listed by WINDSOR REAL ESTATE GROUP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017