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2811 NE 36th Street
About This Property
Inside, you are greeted by a grand entryway with dual staircases and exquisite marble flooring. Soaring ceilings and abundant natural light illuminate the expansive gourmet kitchen and elegant living spaces. This home boasts four bedrooms, 4.5 baths, and a waterfront office/den, all radiating timeless coastal elegance. The master suite includes access to a spacious terrace overlooking the water, while the media room is ideally located between the master suite and two additional oversized bedrooms, providing the perfect setting for family game nights or movie marathons.
Step outside the living room to discover a covered balcony and outdoor kitchen that overlook your custom heated pool, creating an entertainer's paradise. Additional highlights include a 3-bay garage, impact doors and windows, two new air conditioners, and numerous other upgrades. This property represents a rare opportunity on the South Grand Canal in Lighthouse Point. Just 15 miles from Fort Lauderdale and 35 miles from West Palm Beach, it offers the perfect blend of quiet coastal living with easy access to vibrant city life nearby.
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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 |
|---|---|---|---|
| Mar 10, 2025 | Sold | ||
| Sold | |||
| Feb 8, 2025 | In contract | - | |
| In contract | |||
| Feb 1, 2025 | Price Decreased |
$3,895,000
↓ $80K
(2%) | |
| Price Decreased | |||
| Jan 14, 2025 | Price Decreased |
$3,975,000
↓ $75K
(1.9%) | |
| Price Decreased | |||
| Dec 31, 2024 | Price Decreased |
$4,050,000
↓ $50K
(1.2%) | |
| Price Decreased | |||
Property Highlights
Building Info
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About Lighthouse Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017