213 PALMETTO Avenue
About This Property
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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 |
|---|---|---|---|
| Jun 2, 2025 | Sold | ||
| Sold | |||
| Apr 18, 2025 | In contract | - | |
| In contract | |||
| Mar 20, 2025 | Price Decreased |
$974,900
↓ $14K
(1.4%) | |
| Price Decreased | |||
| Mar 5, 2025 | Listed by THE NEWCOMER GROUP | $989,000 | |
| Listed by THE NEWCOMER GROUP | |||
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Welcome to 213 Palmetto Avenue, a rare gem nestled in the heart of Vilano Beach, Florida!
This completely remodeled duplex offers an exceptional investment opportunity, boasting high occupancy rates and consistent cash flow. Located just a block from the Atlantic Ocean, with direct beach access at the end of the street, the property epitomizes coastal living at its finest. With modern design elements throughout the home, each unit has an open floor concept equipped with quartz countertops, luxury vinyl flooring, custom tile showers and baths. Unit A is 3 beds, 2 baths and Unit B is a 1 bed, 1 bath. The expansive corner lot provides ample outdoor space with plenty of room to entertain and relax after a day at the beach paired with jacuzzis for each unit. Not to mention an unbeatable location just moments from the Vilano town center, historic downtown St. Augustine, and a short walk to the Surfside tennis courts and public park. The property has a proven track record as a high-occupancy rental attracting short-term vacationers. Don't miss this exceptional opportunity to own a beautifully remodeled duplex in one of Florida's most sought-after beach communities. Whether you're looking for a lucrative investment or a serene coastal retreat, 213 Palmetto Avenue offers the best of both worlds. With its complete remodel and offered fully furnished with a reasonable offer, the property is ideal and turn-key for investors seeking rental income, or homeowners desiring a primary residence with the option to lease the additional unit. Whether you're looking for a lucrative investment or a serene coastal retreat, 213 Palmetto Avenue offers the best of both worlds. Don't miss this exceptional opportunity to own a beautifully remodeled duplex in one of Florida's most sought-after beach communities.
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| Jan 2, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017