243 Caravelle Drive
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 |
|---|---|---|---|
| Jul 27, 2023 | Sold | ||
| Sold | |||
| May 18, 2023 | No longer available | - | |
| No longer available | |||
| May 17, 2023 | Listed by Illustrated Properties | $985,000 | |
| Listed by Illustrated Properties | |||
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Welcome to 243 Caravelle, a stunning and completely renovated 3-bedroom, 2-bath single-family home situated on a spacious corner lot in the highly sought-after Martinique neighborhood of Abacoa. Boasting high ceilings and exquisite crown molding, this property offers an inviting atmosphere throughout. The entire house features beautiful porcelain wood-look tile flooring, adding a touch of elegance to every room. The kitchen has been tastefully updated with white shaker cabinets, trendy open shelving, a custom backsplash, quartz countertops, and top-of-the-line stainless steel appliances. It is a true chef's delight. The interior and exterior have been fully painted, including the front and back decks, lending a fresh and vibrant feel to the entire property. A new professional upgraded water heater was installed in 2019, ensuring a constant supply of hot water for your comfort. For added convenience, a custom storage closet has been built in the laundry room, providing ample space for all your organizational needs. Step outside and be greeted by a large private lanai and pool, perfect for entertaining guests or relaxing in the sun. The pool equipment has been entirely replaced in 2020-2021, and a new pool chiller/heater was added in 2021, allowing you to enjoy swimming year-round. The pool tiling was updated in 2020, featuring an attractive acid wash design. Privacy is assured with the installation of a new fence and clusia plantings along the back yard. Additionally, the garage boasts an epoxy floor and a brand-new garage door opener, while the hurricane shutters have been fitted with new locks. All three doors of the property have keypad locks, ensuring ease of access and security. Furthermore, a reliable ring alarm system covers all windows and doors, providing peace of mind for you and your loved ones. The front porch offers breathtaking sunset views, creating the perfect spot to unwind and enjoy the beauty of the surrounding area. Residents of this remarkable property have the privilege of walking to the community clubhouse, pool, and gym, enhancing their active and social lifestyle. The location is incredibly convenient, with close proximity to shopping centers, fine dining establishments, pristine beaches, I-95, and the Palm Beach International Airport.
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| May 16, 2023 | No longer available | - | |
| No longer available | |||
| Apr 12, 2023 | Price Decreased |
$995,000
↓ $5K
(0.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017