259 Palmer Drive
About This Property
Welcome to 259 Palmer Drive, a rare gem tucked into the heart of Boone, located in the highly sought-after Blairmont subdivision. This beautifully crafted 4-bedroom, 2.5-bathroom home offers the perfect balance of privacy, charm, and convenience, great for families, professionals, or anyone seeking a peaceful mountain haven.
You'll enjoy the comforts of a secluded property while staying connected to all the essentials. Blairmont is a welcoming, family-friendly neighborhood known for its vibrant community, including Halloween trick-or-treating and seasonal gatherings.
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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 |
|---|---|---|---|
| Sep 23, 2025 | Sold | ||
| Sold | |||
| Aug 20, 2025 | In contract | - | |
| In contract | |||
| Jul 28, 2025 | Price Decreased |
$899,000
↓ $201K
(18.3%) | |
| Price Decreased | |||
| Jul 16, 2025 | Listed by Beycome Brokerage Realty LLC | $1,100,000 | |
| Listed by Beycome Brokerage Realty LLC | |||
| Oct 10, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017