406 N Cypress Drive #2
About This Property
Up to 2 pets permitted (dog or cat only) per unit not to exceed 20 lbs.
Close to shopping, dining, and very accessible to all your main roads.
**Tenant Occupied until June 30th**
*Room Sizes are Approximate*
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 26, 2026 | Sold | ||
| Sold | |||
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Nov 19, 2025 | Listed by Compass Florida LLC | $295,000 | |
| Listed by Compass Florida LLC | |||
| |||
|
Pristine townhome located in The Village of Tequesta. This move-in ready, 2 bedroom, 1.5 bathroom townhome is vacant and available for immediate occupancy. Upgrades include freshly painted interior, new tile flooring, new kitchen appliances package, fully fenced & private patio, as well as easy lock-and-go accordion shutters providing peace of mind during stormy season. Enjoy the charming location, located with in close proximity to all Tequesta has to offer; Coffee shops, shopping, and dining. Clean & bright, must see!
| |||
| Aug 9, 2023 | Sold | ||
| Sold | |||
| Aug 1, 2019 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/19/2025
|
2 Bed
|
1 Bath
|
1056 ft²
|
$295,000
2 Bed
1 Bath
1056 ft²
|
$295,000
03/26/2026
|
Mallory Hughes Cooper
Compass Florida LLC
| |
|
06/10/2019
|
2 Bed
|
1 Bath
|
1056 ft²
|
$169,900
2 Bed
1 Bath
1056 ft²
|
$165,000
-2.88%
08/01/2019
|
Bea Sallabi
Illustrated Properties, LLC-Ha
| |
|
01/10/2018
|
2 Bed
|
1 Bath
|
1056 ft²
|
$149,000
2 Bed
1 Bath
1056 ft²
|
$150,000
+0.67%
02/07/2018
|
Edward Arguelles
Influencere Real Estate LLC
| |
|
02/02/2012
|
2 Bed
|
1 Bath
|
1056 ft²
|
$69,900
2 Bed
1 Bath
1056 ft²
|
$60,000
-14.16%
08/31/2012
|
Norman Snyder
LAER Realty Partners Bowen/Wellington
|
Building Info
About Georgetowne Place
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017