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2055 Royal Palm Way
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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%.
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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.
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 |
|---|---|---|---|
| Sep 18, 2026 | Listed by Royal Palm Properties LLC | $16,950,000 | |
| Listed by Royal Palm Properties LLC | |||
| Sep 12, 2025 | Sold | ||
| Sold | |||
| Sep 9, 2025 | In contract | - | |
| In contract | |||
| Sep 8, 2025 | Listed by Royal Palm Properties LLC | $10,250,000 | |
| Listed by Royal Palm Properties LLC | |||
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Along the emerald fairways of the new Jack Nicklaus Signature Golf Course, within the gates of Royal Palm Yacht & Country Club, stands a Mediterranean estate that feels less like a house and more like a private world. Nearly 6,900 square feet unfold gracefully to five bedroom suites, a private gym, and a state-of-the-art theater with tiered seating. Each space is designed to elevate daily life into something extraordinary.
Here, mornings begin with sunlight streaming across fairway vistas, afternoons flow seamlessly from the gym to a swim in the resort-style pool, and evenings find their perfect close beneath the stars, gathered by the spa or inside the theater. Every moment is shaped by an atmosphere of serenity, sophistication, and privilege. This estate is a residence and a stage for a beautifully lived life.
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| Feb 19, 2004 | 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