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240 SHELL BLUFF Court
About This Property
The three-way split bedroom plan is perfectly suited for family living, while the open kitchen and family room -- anchored by a wood-burning fireplace -- serve as the heart of the home. White cabinetry, granite counters, stainless appliances, and a breakfast bar make the kitchen as functional as it is inviting. The spacious upstairs bonus room with a wet bar adds incredible flexibility.
Out back, a solar-heated screened pool and covered lanai frame stunning pond and preserve views that feel like a permanent vacation. Recent updates include both AC units replaced, new hot water heater, and engineered hardwood floors in three bedrooms. Don't miss your chance to own a pool home with an unbeatable backdrop in one of Palm Valley's most beloved communities.
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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 15, 2026 | Price Decreased |
$900,000
↓ $25K
(2.7%) | |
| Price Decreased | |||
| Sep 3, 2026 | Price Decreased |
$925,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Aug 20, 2026 | Price Decreased |
$950,000
↓ $30K
(3.1%) | |
| Price Decreased | |||
| Jul 6, 2026 | Price Increased |
$980,000
↑ $429K
(77.7%) | |
| Price Increased | |||
| Jun 7, 2026 | Relisted | $551,500 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017