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3311 NEEDLE PALM DRIVE
About This Property
Property Highlights:
Spacious Living: Enjoy a bright and airy atmosphere in the open-concept floor plan, perfectly designed for modern living and entertaining.
Natural Light Abounds: The home is filled with natural light, creating a warm, inviting, and cheerful living space throughout the day.
Peace of Mind: Built on elevated grounds, this property has NEVER FLOODED, offering secure, high-ground living in Florida.
Freedom & Flexibility: A huge benefit for homeowners-NO HOA or restrictive covenants! Bring your boat, RV, or toys.
About the Florida Shores Community & Edgewater, FL
Florida Shores is known as the heart and soul of Edgewater, FL, offering a wide variety of home styles and a vibrant, friendly atmosphere. This neighborhood is highly desirable due to its close proximity to the water and everyday conveniences.
Local Lifestyle & Things To Do Nearby:
Intracoastal Waterway Access: Edgewater is an authentic riverfront community nestled along the Indian River Lagoon and adjacent to the famous Mosquito Lagoon. You're minutes from world-class fishing, boating, kayaking, and paddleboarding.
Riverwalk & Parks: Enjoy a pleasant walk, jog, or bike ride along Edgewater's scenic Riverwalk on the Intracoastal Waterway. Explore local green spaces like Menard-May Park.
Beach Life: You are just a short drive to the beach access and charm of New Smyrna Beach, including its famous top-rated surf spots and pristine shores.
Convenience: The community is in close proximity to a variety of shopping, dining, and local businesses.
Day Trips: Benefit from the convenient East Central Florida location, putting you within driving distance of major attractions like the Kennedy Space Center and Daytona Beach, as well as easy access to I-95.
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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 |
|---|---|---|---|
| Jul 22, 2026 | Sold | ||
| Sold | |||
| Apr 9, 2026 | In contract | - | |
| In contract | |||
| Feb 10, 2026 | Relisted | $329,900 | |
| Relisted | |||
| Feb 4, 2026 | In contract | - | |
| In contract | |||
| Dec 31, 2025 | Price Decreased |
$329,900
↓ $20K
(5.7%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
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About Florida Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017