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3651 Palm Drive
About This Property
Inside, the home features a spacious split floor plan, elegant hardwood flooring, granite countertops, stainless steel appliances, impact windows, and both a newer roof and AC system for peace of mind. The oversized 1-car garage offers room for your vehicle and a golf car, the favorite local ride to the marina and beach... ... The exterior is just as impressive. Enjoy a lush tropical yard dotted with mature, fruit-bearing trees. There's ample space for boat storage or a future pool, giving this property incredible upside potential.
Located moments from the Intracoastal Waterway, Palm Beach Shores beaches, local dining, and shopping hotspots, this home combines relaxed waterfront living with city convenience. Whether you're an avid boater, an investor seeking opportunity, or someone dreaming of a serene yet connected coastal retreat, 3651 Palm Drive captures the best of South Florida living.
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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 |
|---|---|---|---|
| Jun 2, 2026 | Price Decreased |
$1,049,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| May 20, 2026 | Price Decreased |
$1,050,000
↓ $50K
(4.6%) | |
| Price Decreased | |||
| Feb 11, 2026 | Listed by EXP Realty LLC | $1,100,000 | |
| Listed by EXP Realty LLC | |||
| Feb 23, 2024 | Sold | ||
| Sold | |||
| Jan 6, 2024 | Listed by EXP Realty LLC | $550,000 | |
| Listed by EXP Realty LLC | |||
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About Riviera Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017