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3131 NE 27TH Avenue
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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%.
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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.
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 24, 2026 | Listed by Pellego, LLC | $7,499,000 | |
| Listed by Pellego, LLC | |||
| Sep 30, 2024 | Listed | $7,950,000 | |
| Listed | |||
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Welcome to paradise! This stunning estate offers luxurious living with 108+/-ft. of prime water frontage on arguably the best street in Lighthouse Point. It features elegant architectural details, spacious interiors, and upscale finishes throughout. The property boasts breathtaking waterfront views, lush landscaping, and outdoor amenities like a pool, spa and private dock, ideal for boating enthusiasts. Comprised of 5 suites, theater room, custom chef's kitchen with top of the line appliances, air conditioned garages, beautiful summer kitchen and a rooftop patio. Located in a prestigious neighborhood, this estate combines beauty and exclusivity, perfect for those seeking a refined waterfront lifestyle. It doesn't get much better than this!
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| Oct 5, 2020 | Sold | ||
| Sold | |||
| Jan 3, 2020 | Listed by Pellego, LLC | $4,999,500 | |
| Listed by Pellego, LLC | |||
| Feb 25, 2014 | Sold | ||
| Sold | |||
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About Lighthouse Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017