424 Palm Trail
About This Property
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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 |
|---|---|---|---|
| Oct 17, 2024 | Sold | ||
| Sold | |||
| Jul 12, 2024 | Listed by Douglas Elliman | $2,600,000 | |
| Listed by Douglas Elliman | |||
| | |||
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UNIQUE OPPORTUNITY to own an amazing home sitting on a spacious OVERSIZED lot in east Delray Beach. Nestled in the prestigious Palm Trail neighborhood, with no HOA, this 3bed/3bath home offers the South Florida lifestyle close to everything! The perfect combination of space and charm. Once inside discover a spacious layout boasting tongue and groove wood ceilings & abundant natural light, creating a quintessential Old Florida ambiance. The family room overlooks the lush backyard oasis, patio, oversize pool, and summer kitchen, perfect for entertaining. At every turn windows showcase premium views, while the abundant landscaping ensures privacy. Well thought out features include a Key West style metal roof, generator, natural gas cooktop, tankless water heater, ample parking space & More! Experience the ultimate Florida beach lifestyle in this pet-friendly, NO-HOA home, located just moments from the sparkling Atlantic Ocean and only two blocks from the vibrant Atlantic Avenue. Enjoy the perfect blend of coastal living and convenience, with eclectic boutiques, entertainment, and dining hotspots right at your doorstep. Situated in the desirable Palm Trail neighborhood, you'll be just minutes from Delray Beach's award-winning beaches and a short drive to both Boca Raton's private executive airport and Palm Beach International Airport. Dive into the unmatched excitement of Delray Beach living and secure your spot in this exclusive retreat today!
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| Dec 12, 2023 | Sold | ||
| Sold | |||
| Nov 9, 2023 | Listed by RE/MAX Services | $2,295,000 | |
| Listed by RE/MAX Services | |||
| May 25, 2023 | No longer available | - | |
| No longer available | |||
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About Las Palmas
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$7,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017