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204 PALMETTO Avenue
About This Property
This is the one you don't want to miss...just a few steps to the beach...upgraded to the max...perfect home in the perfect location...upgrades so impressive you will not want to change anything...open floor plan...4 bedrooms plus bonus room...ICF poured concrete construction withstands 250 MPH winds...impressive & expansive granite counters & tile floors throughout...his & hers baths & walk-in closets...400 sf ocean view deck...air-conditioned 3-car garage +400 sf covered porch...shark flooring outside & in the air-conditioned garage...outdoor shower...large parking pad for boat or RV...rare opportunity to own best location & best price in the sought-after paradise of Vilano Beach...a few short steps to the beach or to Vilano Beach town center...flood insurance NOT required
SEE ATTACHED LIST OF EXTENSIV
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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 |
|---|---|---|---|
| May 7, 2026 | Price Decreased |
$1,275,000
↓ $20K
(1.5%) | |
| Price Decreased | |||
| Apr 17, 2026 | Price Decreased |
$1,295,000
↓ $104K
(7.4%) | |
| Price Decreased | |||
| Apr 6, 2026 | Price Decreased |
$1,399,000
↓ $60K
(4.1%) | |
| Price Decreased | |||
| Mar 30, 2026 | Price Decreased |
$1,459,000
↓ $36K
(2.4%) | |
| Price Decreased | |||
| Mar 13, 2026 | Listed by ONE REALTY CORP | $1,495,000 | |
| Listed by ONE REALTY CORP | |||
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About Villano Beach
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$6,500 /mo
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- 1,942 ft²
$5,500 /mo
- 2 Beds
- 2 Baths
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017