40 Compass Isle Isle
About This Property
Developer dream to have 2 waterfront sites together surrounded by newly constructed and upgraded residences. Seller prefers to sell the house with the vacant lot next door. All measurements approximate and should be verified
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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 |
|---|---|---|---|
| Nov 17, 2023 | Sold | ||
| Sold | |||
| Sep 26, 2023 | No longer available | - | |
| No longer available | |||
| Sep 6, 2023 | In contract | - | |
| In contract | |||
| Jul 12, 2023 | Listed by By The Sea Realty, Inc. | $7,698,000 | |
| Listed by By The Sea Realty, Inc. | |||
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This property currently has a 4200sf house on the lot. Combine this lot with the lot nextdoor to have over 25,000sf with approximately 214ft of waterfront in exclusive Bay Colony. 2 separate folio numbers. Same owner. Build your mansion and dock you mega yacht! Minutes to Fort Lauderdale and Lauderdale By The Sea beaches and Las Olas. Guard gated community with security patrol. Incredible opportunity! See separate listing for house and lot: F10386120 and F10386309
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| Jun 27, 2023 | Listed by Donohue Real Estate, LLC | $3,999,000 | |
| Listed by Donohue Real Estate, LLC | |||
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About North Fort Lauderdale
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017