$1,495,000
●
Condo -
Off Market
311 Cocoanut Row #201
Palm Beach, FL 33480
2 Beds
2 Baths
1,666 Ft²
$1,818,028
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model
About This Property
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.
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.
Unit Size
1,666 Ft²
Days on Market
64 days
Land Size
-
Price per sqft
$897
Property Type
Condo
Property Taxes
$955
HOA Dues
$504
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 #R10693318)
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 | |||
| Aug 13, 2018 | Sold | ||
| Sold | |||
| Oct 12, 2017 | Listed by Sotheby's Intl. Realty, Inc. | $799,000 | |
| Listed by Sotheby's Intl. Realty, Inc. | |||
| | |||
|
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.
| |||
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: 1956
Waterfront Features: None
Building Area Total: 1666
Window Features: Metal, SingleHung
Construction Materials: Block
Patio and Porch Features: Covered, Balcony
Lot Features: LessThanQuarterAcre
Water Source: Public
Financial Details
Tax Annual Amount: $11,458
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Sewer, Water, CommonAreas
HOA/Condo/Coop Amenities: Trail(s), Sidewalks
HOA Fee: $504
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: John Scott Pangborn
The Corcoran Group
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10693318
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.
The Corcoran Group
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10693318
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