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259 OCEAN PALM DRIVE
About This Property
peaceful golf and waterfront community, surrounded by palm-lined streets and the laid-back
charm that makes this seaside town so special. Just blocks from the sparkling Atlantic Ocean,
you'll enjoy easy beach access for morning walks, fishing, or soaking in the sunrise. Inside, the
home features a bright and open layout designed for both comfort and style. This wonderful
ranch home was completely updated about 8yrs ago with 3 bedrooms, 2 baths and double sided
fireplace. The spacious living area flows seamlessly into an updated kitchen with modern
finishes and plenty of natural light. Generous bedrooms and tastefully remodeled baths offer a
relaxed, inviting feel throughout. Step outside to a private backyard retreat. The neighborhood
itself is known for its friendly atmosphere and scenic surroundings. Golfers will love being
backed-up to the Ocean Palm Golf Course, while outdoor enthusiasts can explore miles of
biking and nature trails along the Intracoastal Waterway. Just minutes away, the heart of Flagler
Beach offers charming local restaurants, boutique shops, farmers markets, and live music along
the pier. Combining the best of small-town charm with coastal sophistication, this home provides
the ideal setting for those seeking a relaxed Florida lifestyle near the sand, surf, and everything
Flagler Beach has to offer.
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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%.
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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 |
|---|---|---|---|
| Aug 22, 2026 | Price Decreased |
$449,900
↓ $20K
(4.3%) | |
| Price Decreased | |||
| May 27, 2026 | Price Decreased |
$469,900
↓ $7K
(1.5%) | |
| Price Decreased | |||
| Dec 25, 2025 | Price Decreased |
$477,000
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Oct 27, 2025 | Listed by RE/MAX ADVANTAGE | $487,000 | |
| Listed by RE/MAX ADVANTAGE | |||
| Feb 8, 2025 | Listed | $515,000 | |
| Listed | |||
| | |||
|
Nestled in between Halifax River and the Atlantic Ocean is this one of a kind home with the backyard views of Ocean Palm Golf Club.
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Property Highlights
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About Flagler Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017