3928 PALM Way
About This Property
Gourmet kitchen, with gas cook top, quartz counter tops, soft close cabinets, and topped off with Newport Brass designer plumbing. Living area is centered around a gas fireplace. Remote blinds for the slider and awning are a plus. Primary downstairs with ensuite and built in closet top off the first floor, along with a half bath(pool bath).Upstairs features a large bonus area and laundry room. The primary bedroom upstairs has wooden beams and a balcony. Large primary bath with a Kohler electric toilet exudes comfort. Large walk in master closet with built ins completes the primary suite. 2 additional bedrooms upstairs and a full bath adds to the functionality of this house.
Walk outside to your beautiful back yard with summer kitchen and large pool. The saltwater pool, features a swim shelf and spa. You can live like you are on vacation everyday. Walk, ride your bike, or take your golf cart to the beach. Great restaurants and shopping near by for your pleasure. Convenient to JTB.
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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 25, 2025 | Sold | ||
| Sold | |||
| May 26, 2025 | In contract | - | |
| In contract | |||
| May 1, 2025 | Price Decreased |
$1,445,000
↓ $50K
(3.3%) | |
| Price Decreased | |||
| Apr 10, 2025 | Listed by ENGEL & VOLKERS FIRST COAST | $1,495,000 | |
| Listed by ENGEL & VOLKERS FIRST COAST | |||
| Apr 25, 2022 | Sold | ||
| Sold | |||
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About Beaches
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017