261 VENICE PALMS BOULEVARD
About This Property
A beautifully appointed POOL HOME with 3 bedrooms, 2 baths, and just over 2,100 square feet of refined living space, the open, light-filled layout features volume ceilings detailed with crown molding, tile flooring laid on the diagonal in the main living areas, and rich hardwood floors in all bedrooms.
A large chef's kitchen showcases natural wood cabinetry, granite countertops, stainless steel appliances, and a generous breakfast bar that seamlessly connects to the main living area-perfect for entertaining. The great room is anchored by a custom-built TV console with display shelving, creating both a beautiful focal point and functional storage. The primary suite offers a peaceful retreat with large glass sliding doors opening to the pool, a built-in wall dresser, dual closets, and a spacious ensuite bath.
Enjoy the tranquil setting of the screened lanai, where a saltwater pool with a new heat pump invites year-round enjoyment and comfort. The pool cage has been recently rescreened, and the lanai is fully equipped with accordion-style hurricane shutters for protection and peace of mind. Recent upgrades to this home include impact-rated front windows (2025), a new A/C system (2023), and a Culligan whole-house water softening system with reverse osmosis at the kitchen sink. Additional features include a central vacuum system, custom lighting, tinted windows, hurricane protection throughout, and a recently updated water heater.
Located within a beautifully maintained community with no CDD fees and modest HOA dues that cover lawn service, fertilizer, pest control and irrigation. Community has a paved .67 mile bike/walking path and a community-owned filtered well system for irrigation. This home allows you to enjoy a truly relaxed lifestyle. 261 Venice Palms combines timeless appeal with quality upgrades and a serene natural backdrop, exemplifying luxury, comfort and attention to detail.
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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 29, 2025 | Sold | ||
| Sold | |||
| Nov 25, 2025 | In contract | - | |
| In contract | |||
| Nov 20, 2025 | Price Decreased |
$519,000
↓ $30K
(5.5%) | |
| Price Decreased | |||
| Nov 10, 2025 | Price Decreased |
$549,000
↓ $16K
(2.8%) | |
| Price Decreased | |||
| Sep 30, 2025 | Listed by ENGEL & VOELKERS VENICE DOWNTOWN | $565,000 | |
| Listed by ENGEL & VOELKERS VENICE DOWNTOWN | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017