3855 N Ocean Drive
About This Property
Outside, the property is a true oasis, featuring a private dock with a 30,000 pound lift for your yacht or watercraft, an outdoor pool, and plenty of space, covered and open, for entertaining and lounging. Whether you're hosting a barbecue or enjoying a quiet evening by the pool, this property is the ultimate waterfront retreat.
Located in a highly desirable area, this home is walking to distance to the beach, close to world-class shopping, dining, and entertainment options, ensuring that you'll never be far from the action. Don't miss out on the opportunity to own this exquisite waterfront property - schedule a viewing today and experience the ultimate in luxury 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 |
|---|---|---|---|
| Aug 28, 2024 | Sold | ||
| Sold | |||
| Feb 2, 2024 | Listed by Douglas Elliman | $2,995,000 | |
| Listed by Douglas Elliman | |||
| Sep 19, 2023 | No longer available | - | |
| No longer available | |||
| May 8, 2023 | Listed by Douglas Elliman Florida LLC | $3,111,000 | |
| Listed by Douglas Elliman Florida LLC | |||
| | |||
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Introducing 3855 N Ocean Drive - a luxurious and stunning single family home located on the water. This magnificent property boasts unparalleled views of the wide canal and offers an enviable lifestyle Built to the highest standards of quality and design, this home features an array of premium finishes and modern amenities that cater to a comfortable and luxurious living experience. From the moment you step inside, you'll be greeted by a grand entrance that leads to a spacious and open-concept living area, perfect for entertaining guests or relaxing with family. The manager has listed the unit size as 2647 square feet.
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| May 25, 2022 | Sold | ||
| Sold | |||
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About Palm Beach Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017