41 PALISADE Drive
About This Property
The heart of the home is the expansive kitchen and living area designed for both everyday living and entertaining, while the oversized upstairs loft provides endless flexibility as a media room, fitness space, playroom, or secondary living area. The spacious secondary bedrooms are well-sized with ample storage, and the luxurious primary suite serves as a true retreat featuring tray ceilings, an oversized custom walk-in shower, dual vanities, and an enormous walk-in closet. Step outside to your private backyard oasis complete with an extended paver patio, firepit area, and preserve views creating the perfect setting for relaxing evenings or entertaining guests. Located just moments from Shearwater's world-class amenities including resort-style pools, fitness center, kayak launch, tennis courts, trails, and top-rated St. Johns County schools, this home offers the lifestyle buyers have been waiting for. Also - the garage door openers are able to be opened on your phone app.Surge protector included with home.
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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 20, 2026 | In contract | - | |
| In contract | |||
| Jul 27, 2026 | Price Decreased |
$605,000
↓ $20K
(3.2%) | |
| Price Decreased | |||
| Jun 23, 2026 | Relisted | $625,000 | |
| Relisted | |||
| Jun 21, 2026 | In contract | - | |
| In contract | |||
| Jun 2, 2026 | Price Decreased |
$615,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017