49
Map
3108 Phoebe Lane
About This Property
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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 |
|---|---|---|---|
| Jan 17, 2026 | In contract | - | |
| In contract | |||
| Dec 18, 2025 | Listed | $745,000 | |
| Listed | |||
| | |||
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This beautifully maintained 3-bedroom, 2-bath residence with a built-in studio sits on an expansive 13,670SQFT lot (approx. 0.31 acres) tucked away on a quiet cul-de-sac with NO HOA, offering exceptional privacy, space, and flexibility.Surrounded by mature hedging, the property feels like a secluded oasis. The outdoor living experience is truly resort-style, featuring a heated saltwater pool, hot tub, sauna with chromotherapy, and a one-of-a-kind outdoor shower—perfect for relaxation and entertaining. Inside, the open living and dining layout showcases a thoughtful mix of laminate, hardwood, and tile flooring, complemented by ceiling fans and statement lighting. Floor-to-ceiling glass frames lush greenery, seamlessly blending indoor and outdoor living. The primary suite offers a walk-in closet, dual sinks, shower, bidet, and direct access to the outdoor retreat. The private studio with separate entrance includes a extra bedroom, extra bath, and kitchenette—ideal for guests, in-laws, rental potential, or a home office. Major updates include roof (2021), gutters (2021), HVAC (2021), and water heater (2014). Conveniently located just minutes from I-95, Atlantic Avenue, dining, shopping, and Delray Beach’s pristine coastline. A rare opportunity combining wellness, privacy, and prime location—welcome home.
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| Jan 26, 2021 | Sold | ||
| Sold | |||
| Dec 4, 2020 | Listed by KW Reserve Palm Beach | $435,000 | |
| Listed by KW Reserve Palm Beach | |||
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About Tropic Palms
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017