19
Map
281 Granada Road
About This Property
Graciously situated on the coveted lake block of West Palm Beach's most distinctive enclave, the parcel is a generous 75 x 125 feet and has many period details in wood and wrought iron. Abundant light and volume, given 12-foot ceilings, in the owner's bedroom and guest suite, reached via an arched loggia.
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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 |
|---|---|---|---|
| Jun 15, 2026 | Sold | ||
| Sold | |||
| Mar 26, 2026 | In contract | - | |
| In contract | |||
| Mar 24, 2026 | Relisted | $3,200,000 | |
| Relisted | |||
| Mar 16, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Price Decreased |
$3,200,000
↓ $750K
(19%) | |
| Price Decreased | |||
Property Highlights
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About El Cid
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017