24
Map
2399 Coconut Palm Drive NE
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 |
|---|---|---|---|
| Nov 10, 2025 | Sold | ||
| Sold | |||
| Oct 24, 2025 | In contract | - | |
| In contract | |||
| Oct 9, 2025 | Listed by Ellingson Properties | $165,000 | |
| Listed by Ellingson Properties | |||
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Welcome to this beautifully updated and meticulously maintained 2-bedroom, 2-bath manufactured home in the desirable 55+ community of Palm Bay Colony. Flooded with natural light, this spacious home features a bright family room, a separate dining area perfect for entertaining, and a well-equipped kitchen. Enjoy peace of mind with a new roof (2021) and A/C system (2022). Just move right in! The home offers a comfortable layout with generous living space, and both bedrooms provide ample storage. Step outside to a tidy fenced yard on land you own. No lot rent here! The voluntary HOA offers added flexibility and low-maintenance living. Palm Bay Colony is close to shopping, dining, medical facilities, and other amenities, making everyday convenience a breeze. Whether you're looking to downsize or enjoy a seasonal retreat, this bright, inviting home has everything you need in a friendly, active community. Don't miss this rare opportunity. Schedule your showing today!
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| Jun 9, 2023 | Sold | ||
| Sold | |||
| Apr 5, 2023 | Listed by Brevard Buyers Group, LLC | $179,900 | |
| Listed by Brevard Buyers Group, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017