3355 SILVER PALM Drive
About This Property
From the moment you enter, a custom teak pivot door sets the tone for the home's distinctive style. Inside, the expansive wall of windows stretching across the back of the great room floods the interior with gorgeous natural light and frames panoramic views of the water. Vaulted ceilings and an airy open layout create an immediate sense of space, while classic oak flooring and a stone fireplace add warmth and character. The chef's kitchen is a true centerpiece, featuring Caesarstone counters, custom cabinetry with roll-out shelving, an Electrolux 6-burner gas range, Bosch convection microwave, built-in oven, dual wine coolers, prep sink, and ice maker, an ideal setting for both everyday living and entertaining.
The owner's suite offers a private retreat with its own exclusive patio that leads to the pool, where tranquil water views set the tone for relaxation. The back of the great room has been fully upgraded with raised flooring, two 12' hurricane-rated sliders, expansive new windows, and a new WearDeck patio, blending indoor comfort with outdoor living. Step outside to your own waterfront paradise. In 2024, a new bulkhead was installed, raised 18" for improved flood protection, topped with a poured concrete cap, and paired with new sod, irrigation, and a transferrable 60-year warranty. A brand-new covered boathouse with 13k lb Tide Tamer lift accommodates a 30' boat, featuring a hip-style metal roof, composite pilings, oversized WearDeck catwalk, floating aluminum dock with ramp, and full electricity, plumbing, and lighting. Multiple patios, a sparkling saltwater pool, and an outdoor shower complete the waterfront experience.
With additional updates including A/C venting, electrical, plumbing, encapsulated crawl space, attic spray foam insulation, exterior security cameras, and even architectural plans for a luxury expansion, this home offers both peace of mind and potential. Located on a quiet dead-end street, this home is just minutes from the beach, Mayo Clinic, and JTB access, offering convenience with total tranquility. Experience a rare combination of mid-century design, iconic natural light, and premier waterfront living in the heart of Isle of Palms.
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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%.
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 |
|---|---|---|---|
| Dec 12, 2025 | Sold | ||
| Sold | |||
| Nov 10, 2025 | In contract | - | |
| In contract | |||
| Nov 7, 2025 | Price Decreased |
$1,395,000
↓ $100K
(6.7%) | |
| Price Decreased | |||
| Sep 11, 2025 | Listed by CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST | $1,495,000 | |
| Listed by CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST | |||
| Jun 4, 2024 | Sold | ||
| Sold | |||
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About Southeast Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017