47 CABALLO WAY
About This Property
Positioned on a PREMIUM CORNER LOT directly across from the clubhouse and pool, this spacious home offers an outstanding location within the community. The open, light-filled floor plan provides comfortable living spaces and a timeless layout with plenty of room to make it your own.
Priced to reflect the opportunity for some updating, this home offers buyers the chance to purchase in a premium location at an attractive price and personalize the interior to suit their own style and taste. Rather than paying a premium for someone else's renovations, you can create the Florida home you truly want while building upon an already spacious and functional floor plan.
Palma Sola Shores is ideally located close to the bay, beautiful Gulf beaches, shopping, dining, entertainment, and everything that makes Florida living so enjoyable. Whether you are looking for a full-time residence or the perfect seasonal retreat, this home offers the space, location, and lifestyle you have been searching for.
The community's LOW HOA FEE of approximately $300 a month includes water, sewer, trash, cable, and internet, helping make everyday living both convenient and affordable.
For added peace of mind, the home is located outside the flood zone and experienced no hurricane damage from the previous storms.
Residents of Palma Sola Shores enjoy access to a private fishing dock, clubhouse, and community pool-the perfect place to relax, socialize, and enjoy Florida's beautiful weather, especially during the warm and sunny winter months.
With its desirable corner location, land-owned ownership, community amenities, low monthly fees, and proximity to the beaches, this home represents an exceptional value and a wonderful opportunity to update, personalize, and create your own Florida paradise.
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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 |
|---|---|---|---|
| Sep 14, 2026 | Listed by COLDWELL BANKER REALTY | $165,000 | |
| Listed by COLDWELL BANKER REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017