240 Grouper Circle SE
About This Property
Spacious primary suite with direct access to lanai and pool includes a separate area that can be utilized for work out space, reading room, etc. En-suite offers double vanity, walk-in shower, garden tub, and double closets.
This home offers a stunning kitchen loaded with features like 42-inch cabinets, granite countertops, stainless steel appliances, standalone kitchen island, under cabinet lighting, breakfast nook overlooking the pool; and a split floor plan offering a MIL Suite (dividing door), two additional bedrooms, and the third full bathroom. Upgraded Features: Accordion Hurricane Shutters; Automatic Roll Down Screen and Hurricane Shutters on Pool Area; White Vinyl Privacy Fence; AC & Pool Pump Enclosures; Irrigation System; Whole Home Water Filtration (Brita-Pro) - 1 Year Old; Whole Home Surge Protection; Ring Camera (Conveys).
Low HOA in a peaceful subdivision located near shopping, dining, and quick access to I-95 and beaches.
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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 |
|---|---|---|---|
| Jul 24, 2026 | Sold | ||
| Sold | |||
| Jun 9, 2026 | In contract | - | |
| In contract | |||
| Jun 4, 2026 | Listed by Blue Marlin Real Estate | $495,000 | |
| Listed by Blue Marlin Real Estate | |||
| Oct 28, 2015 | Sold | ||
| Sold | |||
| Mar 5, 2015 | Listed by Blue Marlin Real Estate | $289,900 | |
| Listed by Blue Marlin Real Estate | |||
Property Highlights
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About Port Malabar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017