328 Palm Trail
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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 4, 2024 | No longer available | - | |
| No longer available | |||
| Mar 14, 2024 | Listed by Balistreri Real Estate | $5,350,000 | |
| Listed by Balistreri Real Estate | |||
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Nestled in the esteemed Palm Trail neighborhood, this opulent 4-bed, 4-bath residence stands as a jewel on an exclusive street. Steps from Atlantic Ave in Delray Beach, the home emanates sophistication with updated interiors showcasing luxurious Dade County Pine flooring. Indulge in the culinary delights of the chef's kitchen, featuring a Viking range, Bosch ovens, Miele appliances, and Sub-Zero refrigerators. The home showcases impact windows for safety and elegance, complimented by a generator for continuous luxury living. The outdoor sanctuary includes an oversized heat & chilled saltwater pool, inviting outdoor grill, and tranquil lounge area. This residence epitomizes luxury coastal living, inviting you into unparalleled grandeur and comfort. The manager has listed the unit size as 3613 square feet.
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| Nov 23, 2023 | No longer available | - | |
| No longer available | |||
| Nov 1, 2023 | Listed by Balistreri Real Estate | $5,350,000 | |
| Listed by Balistreri Real Estate | |||
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Nestled in the charming Palm Trail neighborhood in the heart of Delray Beach, this exquisite home is just a short walk from Atlantic Ave. Elegance is woven into the fabric of this fully updated 5 bed, 4 bath home, featuring Miami Dade Pine flooring. Step into a chef's paradise, fully equipped with a Viking range, Bosch ovens, Miele appliances, and Sub-Zero refrigerators, drawers, and freezer. Enjoy the privacy of an expansive outdoor oasis, relax by the over-sized saltwater pool or entertain at the outdoor grill and lounge area. This home embodies luxury coastal lifestyle - welcome home to a world of grandeur and comfort. More photos coming soon! The manager has listed the unit size as 3755 square feet.
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| Jun 3, 2014 | Sold | ||
| Sold | |||
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About Delray Beach
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Daryl G. Bush Realty Inc.
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R3364444
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