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2351 Cherry Palm 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%.
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 |
|---|---|---|---|
| Sep 23, 2026 | Price Decreased |
$7,650,000
↓ $300K
(3.8%) | |
| Price Decreased | |||
| Apr 23, 2026 | Listed by Royal Palm Properties LLC | $7,950,000 | |
| Listed by Royal Palm Properties LLC | |||
| Jan 10, 2024 | No longer available | - | |
| No longer available | |||
| Dec 22, 2023 | Listed by Douglas Elliman | $6,250,000 | |
| Listed by Douglas Elliman | |||
| | |||
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Located on a quiet street in the much sought after Royal Palm Yacht and Country Club, this 2018 one story new modern home exemplifies sophistication and modern elegance.This smart home with superior finishes has all the bells and whistles one can imagine.Tons of light, top of the line chef's kitchen including Wolf range, double ovens, microwave and two dishwashers along with oversized Subzero refrigerator/freezer. This home is an entertainer's delight. Two large wine refrigerators are ready for your wine collection. The high ceilings throughout the home along with the living room fireplace brings warmth to this modern custom home. Two amazing walk in closets in the primary bedroom along with the spa bathroom and built in sauna makes you feel like you're in a fine hotel. The manager has listed the unit size as 4537 square feet.
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| May 22, 2019 | Sold | ||
| Sold | |||
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About Royal Palm Yacht and Country Club
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$9,000 /mo
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$9,995 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017