261 PALISADE Drive
About This Property
Enjoy a versatile screened lanai with vinyl closing panels, extended paver patio, putting green, horseshoe area, and a fenced yard--all backing to a private preserve for added privacy.
Truly move-in ready with upgraded lighting, window treatments, established landscaping, and other completed improvements that save thousands compared to new construction.
Shearwater offers a lazy river, resort pools, fitness center, dog park, tennis courts, and miles of trails. A turnkey home with exceptional outdoor features and a prime location.
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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%.
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 21, 2026 | Sold | ||
| Sold | |||
| Jun 21, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Listed by UNITED REAL ESTATE GALLERY | $630,000 | |
| Listed by UNITED REAL ESTATE GALLERY | |||
| Jul 12, 2025 | Listed | $630,000 | |
| Listed | |||
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Welcome to 261 Palisade Dr located in the north end of Shearwater. 4 bedroom 3 bath 2 car garage. Owners bedroom is located downstairs along with 2 other bedrooms with a huge bedroom / mancave upstairs with full bath and closet. Huge eat in kitchen with a separate dining room. Outside you will find a glassed in patio with an extra brick paver patio along with a putting green and horseshoe play area with a nature preserve ouside the fenced yard. If you are looking for an extra clean home with great schools and out of this world amenities including lazy river, pools, walking path, dog park and more. You should do not want to miss this home.
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| Jul 9, 2018 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017