2387 Coconut Palm Drive NE
About This Property
Motivated Seller bring us an offer!
Great opportunity to put your own finishing touches on this 2-bedroom, 2-bathroom home, and make it your own!!
Located in the 55+ community of Palm Bay Colony. Use of a community pool, clubhouse, pickle-ball, and tennis courts are available.
Brand new roof installed in October 2024 will provide you with peace of mind. The AC system was refurbished in 2024 and water heater is working great! Spacious living area with a large master bedroom,
indoor laundry with included washer/dryer. Large carport with space for 3 additional cars. Attached shed for additional storage.
Convenient location close to Publix, restaurants, I95, and only 8-minute drive to multiple public beaches.
Motivated seller. Don't miss out on this affordable home!
Schedule your showing today!
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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 |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Mar 9, 2026 | In contract | - | |
| In contract | |||
| Mar 2, 2026 | Price Decreased |
$79,000
↓ $10K
(11.2%) | |
| Price Decreased | |||
| Feb 14, 2026 | Price Decreased |
$89,000
↓ $10K
(10.1%) | |
| Price Decreased | |||
| Feb 3, 2026 | Listed by Real Broker LLC | $99,000 | |
| Listed by Real Broker LLC | |||
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About Palm Bay Colony
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017