284 Monterey Road
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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%.
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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.
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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 |
|---|---|---|---|
| Apr 27, 2026 | Sold | ||
| Sold | |||
| Jan 31, 2026 | In contract | - | |
| In contract | |||
| Nov 17, 2025 | Listed by Sotheby's Intl. Realty, Inc. | $9,950,000 | |
| Listed by Sotheby's Intl. Realty, Inc. | |||
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Originally designed by Palm Beach master architect Marion Sims Wyeth and thoughtfully reimagined by Pat Seagraves of SKA Architect, this Bermuda-style residence is a North End classic with exclusive ocean access and close proximity to the Lake Trail. The home has been completely renovated with exceptional attention to detail, blending its architectural pedigree with a fresh, sophisticated design aesthetic.
Set on a 100' x 85' lot, the single-story property offers 3,179+/- total square feet with three bedrooms, three and a half bathrooms, a pool, and a one-car garage. A garden courtyard with a fountain creates a serene entry. Inside, the living room features a tray ceiling, fireplace, bay window, and French doors that open to the pool. The kitchen is equipped with a gas range, large island, and a dining area connected to the main living space. Each bedroom includes an en suite bath and closet, and the primary suite offers French doors leading directly to the pool. Additional features include a laundry room and powder room. A rare opportunity to own a Palm Beach home that combines historic roots with modern luxury in one of the island's most desirable locations.
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| Dec 10, 2021 | Sold | ||
| Sold | |||
| Jul 22, 2021 | Listed by Douglas Elliman | $5,200,000 | |
| Listed by Douglas Elliman | |||
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017