2121 Areca Palm Road
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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 |
|---|---|---|---|
| Mar 7, 2025 | Sold | ||
| Sold | |||
| Jan 5, 2025 | In contract | - | |
| In contract | |||
| Dec 27, 2024 | Price Decreased |
$3,750,000
↓ $150K
(3.9%) | |
| Price Decreased | |||
| Dec 19, 2024 | Price Increased |
$3,900,000
↑ $150K
(4%) | |
| Price Increased | |||
| Mar 22, 2024 | Listed by RPE Realty | $3,750,000 | |
| Listed by RPE Realty | |||
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Come home to this beautiful 4,546 sq ft house located in Royal Palm Yacht and Country Club. This 3 bedroom, 2.5 bathroom residence features a den and recently renovated kitchen and bathrooms. Impact windows allow for abundant natural light. Your spacious living and dining areas are excellent for entertaining guests and flow into a large family room.. There are dark cherry floors throughout and a private pool next to the putting green in the backyard. Additionally, there is a two car garage with extra space for storage and a laundry room with a bonus refrigerator. The residence is just minutes from Mizner Park and the beaches. The property is tenant occupied until June 2025
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About Royal Palm Yacht and Country Club
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$9,900 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017