2
Map
$4,450,000
●
House -
Off Market
315 Ellamar Road
West Palm Beach, FL 33405
5 Beds
5 Baths,
1
Half Bath
3,565 Ft²
$23,869
Est. Monthly
1.53%
Cap Rate
About This Property
Last chance to customize this one story home with a completely
separate guest house! The main house boasts an expansive primary
bedroom, complete with two large walk-in closets and spa bath.
You'll also find a versatile bonus room perfect for a home office,
playroom, or media room. Step outside to your own private oasis: a
covered lanai with a fully-equipped summer kitchen, ideal for
entertaining by the sparkling pool. For added privacy and
convenience, a separate guest house awaits, featuring its own bar,
full bathroom, and walk-in closet-perfect for hosting guests or
creating a cozy in-law suite. With modern finishes, spacious living
areas, and a prime layout, this home is a true gem. **Completion Q1
2026.** Don't miss the opportunity to make it yours!
Unit Size
3,565 Ft²
Days on Market
592 days
Land Size
0.25 acres
Price per sqft
$1,304
Property Type
House
Property Taxes
$1,036
HOA Dues
-
Year Built
1952
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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: 2 months ago (Beaches MLS #R11057674)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 15, 2026 | Sold | ||
| Sold | |||
| Jun 24, 2026 | In contract | - | |
| In contract | |||
| Jan 31, 2025 | Listed by Tangent Realty Corp | $4,650,000 | |
| Listed by Tangent Realty Corp | |||
| Nov 13, 2024 | Sold | ||
| Sold | |||
| Oct 1, 2024 | Listed by Keller Williams Realty - Welli | $1,590,000 | |
| Listed by Keller Williams Realty - Welli | |||
| | |||
|
This is a builder's dream! This is an oversized 11k+ square foot lot with a beautiful CBS home that is ready for expansion or a full rebuild. The ceiling is whatever your imagination can accommodate! Just steps from Flagler and the intracoastal waterway with comparable sales to support whatever your plans may be. The home features Impact windows, wood floors, stainless appliances, granite tops, and was fully renovated in 2015. Schedule your showing today. This won't last.
| |||
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Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Ellamar
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Listed by: Jared D Niles
Tangent Realty Corp
Last Updated: 2 months ago
Data Source: Beaches MLS, MLS# R11057674
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.
Tangent Realty Corp
Last Updated: 2 months ago
Data Source: Beaches MLS, MLS# R11057674
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017