318 ROYAL PALMS Drive
About This Property
Welcome to this charming 3-bedroom, 2-bath coastal cottage in the heart of Atlantic Beach where seaside charm meets modern comfort. From the moment you arrive, the hand-painted pelicans on the shutters and lush, fully irrigated landscaping set a vibrant coastal tone.
Step inside to enjoy new appliances, granite countertops, and remote-control blinds, blending convenience and style. Major updates include a new roof, renovated bathrooms, new AC system, and a 200-amp electrical panel giving peace of mind for years to come.
Outdoor living shines here: a screened front patio, open back patio, gazebo, fire pit, and above-ground pool provide endless ways to relax or entertain. The vinyl privacy fence, outdoor shower, and illuminated night lighting add the perfect finishing touches.
Located minutes from the beach, local restaurants, and boutique shopping, this property delivers the full Atlantic Beach lifestyle in one delightful packag
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 19, 2026 | Sold | ||
| Sold | |||
| Jan 15, 2026 | In contract | - | |
| In contract | |||
| Dec 6, 2025 | Relisted | $479,900 | |
| Relisted | |||
| Nov 23, 2025 | In contract | - | |
| In contract | |||
| Nov 20, 2025 | Price Decreased |
$479,900
↓ $20K
(4%) | |
| Price Decreased | |||
Property Highlights
Building Info
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About Beaches
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017