430 Royal Palm Way
About This Property
This stylish home offers five spacious bedrooms, each with its distinct character and a den, providing ample room for all your needs. The interior boasts beautiful walnut flooring, creating an ambiance of warmth and luxury. The open-concept kitchen flows seamlessly into the family room and breakfast area, and a convenient side entrance leads directly into the laundry/mudroom area, perfect for daily living. In addition, the 3-car garage plus golf cart storage is located on the side of the home, allowing plenty of parking for guests in the circular driveway.
The second-floor master suite is truly a retreat, with His & Her bathrooms, a wet bar, and a private balcony overlooking the stunning backyard. Added features are the fully integrated Crestron smart-home system and natural gas generator.
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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 |
|---|---|---|---|
| Apr 19, 2024 | Sold | ||
| Sold | |||
| Feb 24, 2023 | Listed by Royal Palm Properties LLC | $6,850,000 | |
| Listed by Royal Palm Properties LLC | |||
| Dec 21, 2015 | Sold | ||
| Sold | |||
| Feb 3, 2015 | Listed by Royal Palm Properties LLC | $3,975,000 | |
| Listed by Royal Palm Properties LLC | |||
| May 24, 2013 | Sold | ||
| Sold | |||
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About Royal Palm Yacht and Country Club
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017