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432 PALM AVENUE
About This Property
Inside, you will find an inviting open floor plan with bamboo and tile flooring throughout, heavy-duty sliding glass doors, and a completely remodeled chef's kitchen featuring stainless steel appliances, custom cabinetry, granite countertops on both the island and perimeter counters, and a gorgeous designer backsplash. The split layout includes a spacious primary suite with a double sink vanity and a large walk-in shower, as well as an inside laundry room for added convenience.
Outdoor living is a highlight of this property. Enjoy the screened pool, a huge 16x20 outdoor living area with travertine stone not included in the square footage, and an incredible setup for boating enthusiasts. The property features a boathouse with an electric boat lift, a second lift for a jet ski, a fish cleaning station, an outbuilding with electricity and tile flooring, and beautiful tropical landscaping. Additional perks include hot and cold water for the outdoor shower and a Weber grill for the outdoor kitchen area.
The home sits on a quiet canal with a short 5-minute boat ride to the Tomoka River, perfect for fishing, dolphin and manatee watching, and approximately 20 minutes to the Intracoastal Waterway. With no HOA, this move-in-ready home offers the ideal blend of comfort, convenience, and the true Florida lifestyle. Square footage received from tax rolls. All information recorded in the MLS intended to be accurate but cannot be guaranteed.
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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 |
|---|---|---|---|
| Jul 20, 2026 | Sold | ||
| Sold | |||
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| Jun 2, 2026 | Price Decreased |
$650,000
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Apr 25, 2026 | Price Decreased |
$675,000
↓ $20K
(2.9%) | |
| Price Decreased | |||
| Apr 7, 2026 | Price Decreased |
$695,000
↓ $20K
(2.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017