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2240 Date Palm Road
About This Property
Upstairs, the primary suite offers a resort-like retreat with his-and-her spa bathroomscomplete with a luxurious saunaalong with boutique-style dressing spaces and a serene sense of privacy. Additional guest suites are equally well-appointed, each offering generous proportions, refined finishes, and a calm, modern ambiance.
Outdoors, the estate is a private sanctuary with a custom heated pool and spa and beautifully landscaped grounds, designed for year-round enjoyment. Whether hosting gatherings or unwinding in quiet solitude, this exceptional residence elevates daily living with its thoughtful design, sophisticated craftsmanship, and serene modern aesthetic.
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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 |
|---|---|---|---|
| May 14, 2026 | Sold | ||
| Sold | |||
| May 1, 2026 | In contract | - | |
| In contract | |||
| Dec 5, 2025 | Listed by Royal Palm Properties LLC | $11,250,000 | |
| Listed by Royal Palm Properties LLC | |||
| Mar 6, 2024 | Sold | ||
| Sold | |||
| Dec 20, 2023 | Listed by Royal Palm Properties LLC | $3,200,000 | |
| Listed by Royal Palm Properties LLC | |||
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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