26
Map
228 Wellesley Drive
About This Property
Step inside to discover a thoughtfully updated interior, featuring impact windows, fresh finishes, and a bright, open layout perfect for both relaxing and entertaining. The property includes a garage for added convenience and boasts durable roofing, including recently constructed flat roofs.
The home is move-in ready, with newly completed landscaping that enhances its curb appeal and creates a serene outdoor setting. Situated in a prime location, you'll enjoy the best of coastal living: walk to then Intracoastal Waterway, the South Flagler promenade, explore eclectic shops and restaurants, or bike to the beach for a day in the sun. Enjoy an easy and pleasant drive to downtown West Palm Beach or Delray Beach without having to get on the highway. Don't miss your chance to own this unique blend of style, charm, and location. Your Lake Worth Beach dream home awaits!
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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 |
|---|---|---|---|
| Oct 31, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Sep 30, 2025 | Price Decreased |
$564,900
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Sep 22, 2025 | Price Decreased |
$575,000
↓ $24K
(4%) | |
| Price Decreased | |||
| Sep 4, 2025 | Price Increased |
$599,000
↑ $9K
(1.5%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017