255 Ridgeview 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 |
|---|---|---|---|
| Apr 22, 2025 | Sold | ||
| Sold | |||
| Apr 3, 2025 | In contract | - | |
| In contract | |||
| Jan 31, 2025 | Listed by Douglas Elliman | $10,900,000 | |
| Listed by Douglas Elliman | |||
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Ideally located close to Town & The Breakers Hotel - mid-island or ''mid-beach''. 255 Ridgeview Drive affords easy direct beach access at the east end of the street & direct Bike Trail access at the west end of the street. Beautifully updated & maintained 1-story 2004 home with 4BR + den/office. Lovely foyer entry opens to a graciously proportioned great room with a volume ceiling. Top of the line finishes & fixtures throughout. Plush landscaping, private pool, & built-in BBQ with outdoor dining make this home a true Palm Beach oasis!
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| Aug 5, 2024 | Sold | ||
| Sold | |||
| Jun 22, 2023 | Listed by Christian Angle Real Estate | $12,950,000 | |
| Listed by Christian Angle Real Estate | |||
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Beautifully updated one story home in the Near North End. Featuring 4 bedrooms plus library, 4 baths, powder room, and 2 car garage. This stunning, light and bright home features fantastic open floor plan with eat-in kitchen, dining room, and living room with vaulted ceiling. Stunning hardwood and marble flooring throughout. Primary suite with charming bay windows, dual walk-in closets, and stunning bath. Private entry surrounded by lush tropical landscaping and beautiful pool area. Just one block to the Lake Trail and the beach.
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017