241 SE Paradise Place
About This Property
THERE IS A FREE storage lot in the neighborhood for boats and RV, it is private and is very well kept. You can store a larger boat there and drop in at the neighborhood ramp on the other side of the fixed bridge if necessary. This is a paradise on paradise lane.
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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 |
|---|---|---|---|
| Aug 16, 2024 | Sold | ||
| Sold | |||
| Nov 23, 2023 | Listed by EXP Realty LLC | $299,900 | |
| Listed by EXP Realty LLC | |||
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Motivated sellers w/ an assumable mortgage. Welcome home to Paradise Place. This 2/2 waterfront property has so many features to offer. One of them being the beautiful views with ocean access that leads to South Fork of the St Lucie River with fixed bridges that have 6' clearance. Other outdoor features include a dock, deck, boat lift for a small boat/canoe and a cabana. You will enjoy Florida style entertaining year round with the beautiful outdoor area and the wraparound family room. The deep two car garage has a lot of space for storage. There are no leases allowed for the first 2 years, and after that only annual leases will be accepted. **UPDATE** Flooring & new plywood installed throughout home!!
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| Dec 6, 2021 | Sold | ||
| Sold | |||
| Sep 16, 2021 | Listed by Nicklaus Vance | $279,999 | |
| Listed by Nicklaus Vance | |||
| Sep 17, 1997 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017