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471 ROYAL PALM Way
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 15, 2026 | Listed by Coldwell Banker/BR | $16,950,000 | |
| Listed by Coldwell Banker/BR | |||
| May 18, 2023 | No longer available | - | |
| No longer available | |||
| Jan 27, 2023 | Listed by Royal Palm Properties | $17,500,000 | |
| Listed by Royal Palm Properties | |||
| | |||
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''Preconstruction price''- Located in the prestigious Royal Palm Yacht & Country Club and designed by the award-winning Bloomfield Construction Inc., this incredible property has many amenities inside and out. Perfectly appointed, overlooking 3 fairways of the Jack Nicklaus Signature golf course, the estate includes 5 bedroom suites, 6 full bathrooms (including His/Her master baths) and two powder rooms, a gym, an oversized swimming pool with spa, a 4-car garage with an EV charger, and both gourmet and summer kitchens. At 10,146 total sf, the turnkey home is fully furnished, including state-of-the-art home automation and water detection systems, and a 388-bottle wine room, club room and a multitude of entertaining spaces. Buyer to pay documentary stamp taxes on the deed and title insurance The manager has listed the unit size as 7690 square feet.
| |||
| Apr 19, 2021 | Sold | ||
| Sold | |||
| Feb 4, 2021 | Listed by Coldwell Banker/BR | $3,500,000 | |
| Listed by Coldwell Banker/BR | |||
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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