246 SE Ila Street
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 |
|---|---|---|---|
| Nov 3, 2025 | Sold | ||
| Sold | |||
| Sep 22, 2025 | In contract | - | |
| In contract | |||
| Jul 31, 2025 | Price Decreased |
$479,000
↓ $14K
(2.7%) | |
| Price Decreased | |||
| Jul 9, 2025 | Listed by The Keyes Company - Hobe Sound | $492,500 | |
| Listed by The Keyes Company - Hobe Sound | |||
| |||
|
Welcome to your Florida dream home! This spacious 3-bedroom, 2-bath, 1,581 sq. ft. POOL home is located just 1 mile from historic downtown Stuart on a .19-acre lot—with NO HOA, so bring your boat, RV, and toys!
Recent upgrades include a new metal roof and fresh exterior paint. Inside, enjoy an open layout with generously sized bedrooms and great natural light. Needs a little TLC. The backyard is a private tropical retreat featuring a pool, outdoor shower, and lush landscaping—perfect for relaxing or entertaining.
Additional features include:
Attached 2-car garage (20' x 19')
Extended driveway (68' x 17') — ideal for boat/RV parking
Indoor-outdoor flow
Tiled floors throughout main living areas.
| |||
| Jun 26, 2022 | No longer available | - | |
| No longer available | |||
Property Highlights
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Price/ft²
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About Stuart
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017