223 8th Street
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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 1, 2024 | No longer available | - | |
| No longer available | |||
| Aug 14, 2023 | Listed by Palm Beach Brokerage | $3,995,000 | |
| Listed by Palm Beach Brokerage | |||
| | |||
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Impressive Mediterranean compound located in the Providencia Park enclave just steps from the Intracoastal with stunning water views. The property includes the main home featuring three beds, three and a half baths and a ''hidden'' multiuse loft, separate guest house, two car garage with cabana bath, all protected by impact windows and doors. Additional features include new Viking appliances, courtyard with heated pool and spa, and multiple terraces. Walk to the Lake Trail, Palm Beach Yacht Club and shopping/dining in Palm Beach and WPB from your doorstep. Minutes by bike to the Square/Brightline, and by car to PBIA. You are truly in the heart of paradise. The manager has listed the unit size as 2691 square feet.
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| Feb 28, 2022 | Sold | ||
| Sold | |||
| Feb 1, 2022 | Listed by Compass Florida LLC | $2,995,000 | |
| Listed by Compass Florida LLC | |||
| May 4, 2021 | Sold | ||
| Sold | |||
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About Providencia Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017