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2503 ROYAL PALM DRIVE
About This Property
Happily situated on a rare triple lot, offering over 1/3 acre of breathing room, privacy, and possibility. Featuring a modern split floor plan, 3 bedrooms, 2 full baths, and walk-in closets generous enough to hold everything you can't live without.
Kitchen complete with stainless steel appliances, ready for quiet mornings or lively gatherings. Vaulted ceilings give an open, airy feel, while hurricane-rated windows and impact-resistant sliding glass doors provide give peace of mind - along with recently updated underground power.
Out back, you'll find all the space you need in the form of a massive fully fenced yard- large enough for boats, trailers, RVs, kayaks, and all the toys that make life fun. Thoughtful extras: irrigation, a storage shed, and dedicated kayak racks.
Located less than two miles from the Intracoastal Waterway and a public boat ramp, perfect for sunset cruises and spontaneous adventures. Value independence? There's no HOA here, and this property has NO FLOODING history.
If you've been searching for space, stability, and a home ready to love you back...
This may be the one.
Search for the video by address online or click through the 3D tour attached to the listing! All information is deemed accurate but should be verified by buyer.
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Cap Rate Calculator
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 1, 2026 | Sold | ||
| Sold | |||
| Jun 10, 2026 | In contract | - | |
| In contract | |||
| Apr 3, 2026 | Price Decreased |
$332,000
↓ $7K
(2.1%) | |
| Price Decreased | |||
| Feb 25, 2026 | Relisted | $339,000 | |
| Relisted | |||
| Feb 12, 2026 | Listed by LOCAL LIVING REALTY GROUP | $339,000 | |
| Listed by LOCAL LIVING REALTY GROUP | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017