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3598 Avocado Ave
About This Property
The property abuts a wide 30-ft+ right-of-way, enhancing its sense of openness and curb appeal while leading toward green spaces at Plaza and Palmetto Avenues. Cocoanut Grove Park was platted in 1911 by Miami's first architect, Walter DeGarmo, with its central plaza envisioned as a gathering place for residents. Today, the plaza remains a neighborhood park and includes the wooded area known as Charley's Woods.
Only about half a mile from the heart of Coconut Grove, the site offers convenient access to marinas, restaurants, cafes, shops, offices, highly regarded schools, and easy access to Brickell and greater Miami.
Renderings and plans are conceptual only and have not been submitted to or approved by the City of Miami or Miami-Dade County. Buyer must independently verify zoning, development, permitting and approval requirements, as well as the status and transferability of existing permits.
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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 |
|---|---|---|---|
| Oct 8, 2026 | In contract | - | |
| In contract | |||
| Sep 29, 2026 | Listed by BHHS EWM Realty | $2,450,000 | |
| Listed by BHHS EWM Realty | |||
| Jan 19, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017