247 Bloomfield Drive
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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.
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 |
|---|---|---|---|
| Jan 7, 2026 | Sold | ||
| Sold | |||
| Dec 11, 2025 | In contract | - | |
| In contract | |||
| Nov 26, 2025 | Listed by Donohue Real Estate, LLC | $2,200,000 | |
| Listed by Donohue Real Estate, LLC | |||
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Welcome to 247 Bloomfield Dr, a beautifully maintained home tucked away in one of West Palm Beach's most desirable residential areas. This charming property sits on an impressive .24-acre lot, offering rare outdoor space, privacy, and a true South Florida lifestyle.
Step inside to bright, inviting living areas filled with natural light and a comfortable, functional layout perfect for both everyday living and entertaining. The home features a well-designed kitchen, spacious bedrooms, and stylishly updated bathrooms.
The real highlight is the private backyard oasis. Enjoy a large sparkling swimming pool, surrounded by generous patio space and lush landscaping—ideal for relaxing weekends, family gatherings, or evening entertaining under the Florida sky. With nearly a quarter-acre of land, there's plenty of room for gardening, pets, play areas, or future outdoor enhancements.
Conveniently located just minutes from top-rated schools, shopping, dining, downtown West Palm Beach, parks, golf, and the area's world-famous beaches, this home offers comfort, space, and an unbeatable location.
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| Mar 17, 2020 | Sold | ||
| Sold | |||
| May 31, 2019 | Listed by Brown Harris Stevens of PB | $649,000 | |
| Listed by Brown Harris Stevens of PB | |||
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About Beach Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017