240 Sandpiper Drive
About This Property
A wall of glass sliding doors lead to a large swimming pool, and patio. 240 Sandpiper is located on one of the most desirable streets in the North End of Palm Beach and comes with deeded beach access.
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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%.
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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.
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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 |
|---|---|---|---|
| Dec 23, 2020 | Sold | ||
| Sold | |||
| Mar 8, 2020 | No longer available | - | |
| No longer available | |||
| Mar 3, 2020 | Listed by Douglas Elliman | $5,495,000 | |
| Listed by Douglas Elliman | |||
| Aug 7, 2019 | Listed | $6,495,000 | |
| Listed | |||
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A beautifully renovated Gottfried Regency home located on one of the best streets in the North End has four bedrooms, four and one half baths. The home has been exceptionally designed with a comfortable contemporary open floor plan with 12' ceilings in the living, dining, and family rooms perfect for the avid art collector. The custom 10' windows in the living room exposes an abundance of natural light and skyline throughout the home. A Miele and Subzero Chef's kitchen includes an exotic Brazilian Quartzite island, Quartz countertops with custom cabinetry and finishes. The family room and master bedroom have a wall of impact sliding glass doors leading out to a luscious landscaped patio and pool including an outdoor kitchen. The home is designed with a five- zone AC system, security The manager has listed the unit size as 3617 square feet.
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| Sep 20, 2018 | Sold | ||
| Sold | |||
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About Dodge Estates
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Douglas Elliman
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10606107
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