3031 SE Falmouth Drive
About This Property
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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 |
|---|---|---|---|
| Dec 16, 2025 | Sold | ||
| Sold | |||
| Oct 23, 2025 | In contract | - | |
| In contract | |||
| Sep 22, 2025 | Listed by Keller Williams of the Treasure Coast | $649,000 | |
| Listed by Keller Williams of the Treasure Coast | |||
| Apr 30, 2024 | Sold | ||
| Sold | |||
| Jan 11, 2024 | Listed by RE/MAX of Stuart - Palm City | $599,900 | |
| Listed by RE/MAX of Stuart - Palm City | |||
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TOTALLY RENOVATED - Experience modern living in Stuart’s established Port Sewall Harbor & Tennis Club neighborhood, which features a community has a pool and tennis courts, and where the HOA allows boats or RVs to be parked in your yard if they’re fenced in. For boaters, it’s less than a mile to Sandsprit Park’s public boat ramp, which is the closest ramp to the St. Lucie inlet and the phenomenal offshore fishing found off the Treasure Coast. This concrete block, newly renovated home is ready to move in! From the new roof to the new sod and sprinkler system, almost everything has been replaced. Improvements include a new kitchen, two brand new bathrooms, all new plumbing and electric, all new flooring, new impact windows and doors, a new paver patio, new paint inside and out, new lighting, a refurbished screened in porch, new A/C system, new HW heater, new large pantry, plantation shutters, finished epoxy garage floor, a dedicated garden area, and a large yard with room for a pool.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017