2256 PHILIPPINE DRIVE #56
About This Property
The primary bedroom offers plenty of space, with closets galore, along with an en-suite bath, not to mention, for your added convenience; an approved washer and dryer! Both bedrooms have luxury vinyl flooring, and cleaning will be a breeze! HVAC and water heater both replaced in 2018. Schedule your private showing today, as this jewel will not last long! Assigned parking. The 55+ community has two activity centers, and two private golf courses with 9 and 18 holes, free exclusively for resident owners. There are two heated swimming pools. The remodeled Cardio Gym has the latest exercise equipment. A very pet-friendly community, there is a fenced dog park with covered seating. There are hobby studios, and a wood shop for the exclusive use of the residents. Activities include fitness classes, dancing, clubs, cards, billiards, entertainment, classes, and much more. The on-site Good Karma Cafe has take & bake meals and snacks. Close to beaches, transportation, shopping, entertainment, and fine dining. All room sizes, floor plans and square footage are approximate. This property is being transferred by a leasehold estate deed. Association approval is required. If financing, a 35% down payment is required.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 10, 2025 | Sold | ||
| Sold | |||
| Mar 17, 2025 | Price Decreased |
$135,000
↓ $10K
(6.8%) | |
| Price Decreased | |||
| Mar 17, 2025 | In contract | - | |
| In contract | |||
| Feb 18, 2025 | Price Decreased |
$144,900
↓ $4K
(2.8%) | |
| Price Decreased | |||
| Feb 3, 2025 | Price Decreased |
$149,000
↓ $4K
(2.6%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/16/2025
|
2 Bed
|
2 Bath
|
1100 ft²
|
$235,000
2 Bed
2 Bath
1100 ft²
|
$225,000
-4.26%
08/10/2025
|
Jason Johantgen
COLDWELL BANKER RESIDENTIAL
| |
|
02/03/2025
|
2 Bed
|
2 Bath
|
1100 ft²
|
$198,000
2 Bed
2 Bath
1100 ft²
|
$187,500
-5.30%
04/07/2025
|
David Kelly
Keller Williams - Palm Beach Central
| |
|
12/09/2024
|
2 Bed
|
2 Bath
|
1100 ft²
|
$163,112
2 Bed
2 Bath
1100 ft²
|
$125,000
-23.37%
04/10/2025
|
Carrie Moreno
ON TOP OF THE WORLD RE
| |
|
11/11/2024
|
2 Bed
|
2 Bath
|
1100 ft²
|
$185,000
2 Bed
2 Bath
1100 ft²
|
$165,000
-10.81%
03/07/2025
|
Ken Reiss
ON TOP OF THE WORLD RE
| |
|
11/01/2024
|
2 Bed
|
2 Bath
|
1100 ft²
|
$166,000
2 Bed
2 Bath
1100 ft²
|
$160,000
-3.61%
02/10/2025
|
Kenny Reiss
ON TOP OF THE WORLD RE
| |
|
10/22/2024
|
2 Bed
|
2 Bath
|
1100 ft²
|
$199,900
2 Bed
2 Bath
1100 ft²
|
$190,000
-4.95%
12/13/2024
|
Ken Reiss
ON TOP OF THE WORLD RE
| |
|
03/21/2024
|
2 Bed
|
2 Bath
|
1100 ft²
|
$175,000
2 Bed
2 Bath
1100 ft²
|
$142,000
-18.86%
07/02/2025
|
Rose Parsons
DALTON WADE INC.
| |
|
08/11/2023
|
2 Bed
|
2 Bath
|
1100 ft²
|
$225,000
2 Bed
2 Bath
1100 ft²
|
$200,000
-11.11%
03/25/2024
|
Carmencita Potesta
ON TOP OF THE WORLD RE
| |
|
12/21/2022
|
2 Bed
|
2 Bath
|
1100 ft²
|
$189,900
2 Bed
2 Bath
1100 ft²
|
$182,450
-3.92%
01/31/2023
|
Beth Ann Ackerman
REALTY EXECUTIVES ADAMO
| |
|
08/01/2022
|
2 Bed
|
2 Bath
|
1100 ft²
|
$220,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
Carmencita Potesta
ON TOP OF THE WORLD RE
| |
|
01/07/2022
|
2 Bed
|
2 Bath
|
1100 ft²
|
$195,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
Diana Zavala
BONOMO REALTY LLC
| |
|
11/03/2021
|
2 Bed
|
2 Bath
|
1100 ft²
|
$155,000
2 Bed
2 Bath
1100 ft²
|
$155,000
12/06/2021
|
Lynn Werner
CENTURY 21 ELITE LOCATIONS, INC
| |
|
03/16/2020
|
2 Bed
|
2 Bath
|
1100 ft²
|
$125,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
Sandy Albanese
RE/MAX ACTION FIRST OF FLORIDA
| |
|
06/21/2019
|
2 Bed
|
2 Bath
|
1100 ft²
|
$104,900
2 Bed
2 Bath
1100 ft²
|
-
-
|
Thomas Varga
RE/MAX ACR ELITE GROUP INC
| |
|
06/17/2019
|
2 Bed
|
2 Bath
|
1100 ft²
|
$93,900
2 Bed
2 Bath
1100 ft²
|
-
-
|
-
| |
|
08/06/2018
|
2 Bed
|
2 Bath
|
1100 ft²
|
-
2 Bed
2 Bath
1100 ft²
|
-
-
|
-
| |
|
06/19/2018
| |
2 Bed
|
2 Bath
|
1100 ft²
|
-
2 Bed
2 Bath
1100 ft²
|
-
-
|
-
|
|
11/30/-0001
|
2 Bed
|
2 Bath
|
1100 ft²
|
$110,000
2 Bed
2 Bath
1100 ft²
|
$108,000
-1.82%
03/06/2019
|
Gary Ubaldini
Keller Williams Realty
|
Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017