254 OCEAN PALM DRIVE
About This Property
This Concrete Block-Brick Home Welcomes You with Its Southern Charm Upon Entering the Covered Front Porch. Enjoy Upgrades of: New AC (2024) and Full Roof Replacement (2017) Sprawling Two Bedrooms, A Flex Room, Kitchen, Living Room with Brick Fireplace, Formal Dining and A Screened in Florida Room Overlook Your Peaceful & Entertaining Oasis. Solar Heated In-Ground Swimming Plus a Separate Hot Tub Overlook Your Own Private Dock.
Be Amazed Every Night with the Best Sunset Shows in Town, Park Your Own Boat in Your Back Yard or Enjoy Fishing Right from The Convenience of Your Own Private Dock! Ocean Palm Is a Complete Hidden Gem and Highly Sought After for Its Private Location That Has It All!
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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 |
|---|---|---|---|
| Dec 10, 2025 | Sold | ||
| Sold | |||
| Dec 3, 2025 | In contract | - | |
| In contract | |||
| Nov 19, 2025 | Price Decreased |
$698,500
↓ $44K
(6%) | |
| Price Decreased | |||
| May 9, 2025 | Price Decreased |
$742,900
↓ $27K
(3.5%) | |
| Price Decreased | |||
| Nov 13, 2024 | Listed by ENGEL VOLKERS ST. AUGUSTINE | $769,990 | |
| Listed by ENGEL VOLKERS ST. AUGUSTINE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017