3040 Palm Hill 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 |
|---|---|---|---|
| May 20, 2026 | Sold | ||
| Sold | |||
| Apr 28, 2026 | In contract | - | |
| In contract | |||
| Mar 26, 2026 | Listed by First Team Real Estate | $1,799,000 | |
| Listed by First Team Real Estate | |||
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VIEWS, VIEWS & MORE VIEWS — a rare offering that artfully blends privacy, scale, & an exceptional indoor-outdoor lifestyle. Set on 1.26 fully fenced acres, this single story, resort-inspired estate captures sweeping ocean & mountain vistas from nearly every room, w/ over 3,700 sq ft of thoughtfully designed living space, w/ OWNED SOLAR for home & pool. Rich wood detailing, custom stained-glass accents, vaulted ceilings & expansive sightlines create a warm yet dramatic architectural presence. A circular driveway creates a memorable sense of arrival, leading to an impressive double-door entry. Inside, a sunken living room is anchored by a stacked-stone, see-through fireplace, while French doors seamlessly connect to the outdoor setting. The left wing offers two bedrooms w/ private entrances & a remodeled bath. One, w/ a coffered wood ceiling, is ideal as an office or studio. The primary wing features an eat-in kitchen w/ vaulted wood ceilings, engineered hardwood floors, walk-in pantry, Sub-Zero refrigerator, & newer induction cooktop, alongside a dining room & family room w/ wood-beamed ceilings, custom bar & fireplace—all opening to a view deck. The primary suite offers dual French doors, a floor-to-ceiling brick fireplace, & a vintage-inspired bath w/ soaking tub & serene outlooks. Outdoors, enjoy a resort-style pool & spa w/ fire bowls, water features, & Baja shelf. The outdoor kitchen is thoughtfully appointed w/ a stainless BBQ, granite counters & bar seating. Four patios, a bocce ball court & intimate seating areas enhance the grounds, along w/ a citrus orchard, gated drive, three-car garage. Additional features include security system, AC, whole-house fan & storage shed. More than a residence, this is a lifestyle defined by space, privacy, & panoramic beauty!
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| Jun 30, 2015 | Sold | ||
| Sold | |||
| Jan 29, 2015 | Listed by Coldwell Banker Realty | $785,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017