$775,000
●
Condo -
Off Market
311 Cocoanut Row #201
Palm Beach, FL 33480
2 Beds
2 Baths
1,666 Ft²
$1,208,674
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model
About This Property
Large two bedroom two bath condo in the private 311 Cocoanut
Building. Just renovated unit features new appliances/kitchen, wood
floors, high ceilings, deeded parking and low COA fees. Quarterly
COA dues include water, cable, building insurance and management
fees. Building is currently having the roof replaced. this prime in
town - central location, allows you to walk to Worth Ave as well as
other shops, restaurants and shops.
Unit Size
1,666 Ft²
Days on Market
305 days
Land Size
-
Price per sqft
$480
Property Type
Condo
Property Taxes
$712
HOA Dues
$550
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 months ago (Beaches MLS #R10372590)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 23, 2021 | Sold | ||
| Sold | |||
| Feb 18, 2021 | Listed by The Corcoran Group | $1,495,000 | |
| Listed by The Corcoran Group | |||
| | |||
|
Located in the center of town, this classic, and private 2 bedroom / 2 bath condominium at 311 Cocoanut Row #201 lives like a home with all the ease of owning a condominium. High ceilings and beautiful hardwood floors set the stage for the tasteful contemporary renovations this unit has to offer. The brand-new kitchen features white shaker cabinets and translucent subway tile backsplash contrast perfectly with the white Italian quartz countertops. The unit also features large walk-in closets, a new a/c unit, a charming balcony, a private entrance, and in-unit washer and dryer. Seconds away from mid-town beach, Worth Avenue, the Lake Trail, and The Society of the Four Arts, this unit is truly located in the heart of Palm Beach. With a new roof, very low maintenance, and an easy leasing policy, this pet friendly, boutique style 4-unit building offers the best of in town living.
This listing also offers a rare and unique opportunity to potentially combine this unit with the adjacent unit to create a 4 bedroom/ 4 bath condominium stretched over 3,300 square feet.
| |||
| Aug 13, 2018 | Sold | ||
| Sold | |||
| Oct 12, 2017 | Listed by Sotheby's Intl. Realty, Inc. | $799,000 | |
| Listed by Sotheby's Intl. Realty, Inc. | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Has Carport
Has Open Parking
Parking Features: Open
Interior Details
Full Bathrooms: 2
Interior Features: Walk-In Closet(s), LivingDiningRoom, TubShower
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator, Water Heater, Washer
Flooring Type: Ceramic Tile, Wood
Exterior Details
Has Property Attached
Square Footage: 1666
Property Condition: Resale
Architectural Style: Traditional
Year Built: 1986
Waterfront Features: None
Building Area Total: 1666
Window Features: Metal, SingleHung
Construction Materials: Block
Patio and Porch Features: Covered, Balcony
Lot Features: LessThanQuarterAcre
Financial Details
Tax Annual Amount: $8,540
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Sewer, Water, CommonAreas
HOA/Condo/Coop Amenities: None
HOA Fee: $550
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/12/2024
|
3 Bed
|
2 Bath
|
1667 ft²
|
$3,100,000
3 Bed
2 Bath
1667 ft²
|
$2,800,000
-9.68%
04/04/2025
|
Mae Ferguson
Serhant
| |
|
02/18/2021
|
2 Bed
|
2 Bath
|
1666 ft²
|
$1,525,000
2 Bed
2 Bath
1666 ft²
|
$1,495,000
-1.97%
04/23/2021
|
John Scott Pangborn
The Corcoran Group
| |
|
02/18/2021
|
2 Bed
|
2 Bath
|
1666 ft²
|
$1,495,000
2 Bed
2 Bath
1666 ft²
|
$1,495,000
04/23/2021
|
John Scott Pangborn
The Corcoran Group
| |
|
06/30/2020
|
Loft
|
2 Bath
|
1666 ft²
|
$895,000
Loft
2 Bath
1666 ft²
|
-
-
|
-
| |
|
06/26/2020
|
2 Bed
|
2 Bath
|
1666 ft²
|
$895,000
2 Bed
2 Bath
1666 ft²
|
$825,000
-7.82%
09/09/2020
|
Todd Peter
Sotheby's Intl. Realty, Inc.
| |
|
10/12/2017
|
2 Bed
|
2 Bath
|
1666 ft²
|
$799,000
2 Bed
2 Bath
1666 ft²
|
$775,000
-3.00%
08/13/2018
|
Judge Moss
Sotheby's Intl. Realty, Inc.
|
Building Info
About Casa Del Lago
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Listed by: Jonathan David Moss
Sotheby's Intl. Realty, Inc.
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10372590
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
Sotheby's Intl. Realty, Inc.
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10372590
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