220 Arabian Road
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%.
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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 |
|---|---|---|---|
| Apr 1, 2024 | Sold | ||
| Sold | |||
| Dec 6, 2023 | Listed by The Corcoran Group | $8,900,000 | |
| Listed by The Corcoran Group | |||
| | |||
|
Rare opportunity for a custom build in Palm Beach's north end with approved ARCOM plans. Price listed is for Land only. Architect Roger Janssen has envisioned a beautiful and thoughtfully designed 6BR/7BA home on this quintessential north end street. Approximate square footage is 4,557 total and 3,711 under air which excludes the garage. Total enclosed is approx. 4,997 which includes 440 sf for garage. Arabian also includes beach access to one of the deepest/most pristine beaches on PB island. This is a rare opportunity you don't want to miss.
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| Feb 15, 2023 | Sold | ||
| Sold | |||
| Dec 1, 2022 | Listed by Compass Florida LLC | $8,895,000 | |
| Listed by Compass Florida LLC | |||
| Jul 6, 2022 | Sold | ||
| Sold | |||
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017