3941 N Ocean Drive
About This Property
Best waterfront value on the market. Comps have sold for $1,485,000 and $1,575,000 in the area.
Only minutes to the safe Palm Beach Inlet. Dwyer High School Zoned.
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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%.
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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.
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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 |
|---|---|---|---|
| May 23, 2025 | Sold | ||
| Sold | |||
| Apr 29, 2025 | In contract | - | |
| In contract | |||
| Mar 14, 2025 | Listed by RE/MAX Select Group | $2,650,000 | |
| Listed by RE/MAX Select Group | |||
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Completely Renovated Waterfront Home on Singer Island! Experience the ultimate coastal lifestyle in this beautifully renovated 4-bedroom, 3-bathroom home with a 2-car garage, situated on 90 feet of navigable waterfront with direct ocean access. Located on a wide canal, this property also offers beach access right in front of the home. Step inside this spacious great-room floor plan, featuring a gourmet kitchen with white soft-close cabinets, an oversized island with extra storage, a gas range, a stunning tiled backsplash, and a double pantry for ample storage. The split-bedroom design ensures privacy, with a luxurious primary suite featuring a custom walk-in closet and an elegantly designed ensuite bathroom. Bedrooms 2 and 3 share a private Jack-and-Jill bathroom, while the.... fourth bedroom offers direct access to the pool and putting green, along with a convenient cabana bathroom. Step outside and enjoy a quick round on your private putting green, relax by the heated pool and spa, or take your boat out for a day of deep-sea fishing, snorkeling, or exploring Singer Island and McArthur State Park. Prefer a laid-back day? Cruise over to Sailfish Marina to enjoy waterfront dining, boutique shopping, and breathtaking sunsets.
Additional infor. impact windows, whole house generator, auto blinds in living room, expoy garage floor, salt pool, gas range, new 24,000lb boat lift, re-enforced seawall & Flush mounted auto projection screen in living room
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| Aug 1, 2018 | Sold | ||
| Sold | |||
| Feb 10, 2018 | Listed by Zenas Properties, LLC | $1,149,000 | |
| Listed by Zenas Properties, LLC | |||
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About Palm Beach Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017