496 Polihale Way
About This Property
This gated community features a resort-style pool with lap lanes, clubhouse with social recreation rooms, state-of-the-art fitness center, billiards, pickleball, and bocce courts. Great location, close to the beaches of Naples or Marco Island, downtown Fifth Avenue with plenty of dining, shopping, and entertainment. One of the lowest HOA fees in the area makes it even more of a bonus. Furniture is available for purchase. THIS IS A MUST SEE!!!
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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 15, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| May 17, 2026 | Price Decreased |
$789,000
↓ $60K
(7.1%) | |
| Price Decreased | |||
| Apr 23, 2026 | Listed by Downing Frye Realty Inc. | $849,000 | |
| Listed by Downing Frye Realty Inc. | |||
| May 25, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Apr 18, 2025 | Listed by Keller Williams Marco Realty | $839,000 | |
| Listed by Keller Williams Marco Realty | |||
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Live the Florida Dream in Style! Discover this stunning 2024 Tamarindo Delray home, complete with a private pool and spa! This 4-bedroom, 2-bath, 2-car garage beauty blends modern luxury with relaxed coastal living. Enjoy breathtaking sunset views from your expansive lanai with picture window screens—overlooking protected land that will never be built on for ultimate privacy and peace. Professionally styled by an interior designer, this home is filled with fresh upgrades including chic light fixtures, designer wallpaper, and elegant wainscoting in some spaces. The primary suite offers a spa-like escape with upgraded fixtures and refined finishes. Love smart living? This home is equipped with Deako and Safe Haven Smart Home systems—control your lighting, thermostat, garage, and front door right from your phone. Plus, enjoy peace of mind with impact-resistant windows and sliders. The open-concept kitchen is an entertainer’s dream: top-of-the-line stainless steel appliances, a walk-in pantry, and custom cabinetry with soft-close hinges. Community Perks: Tamarindo features a resort-style clubhouse with a sparkling pool, lap lanes, state-of-the-art fitness center, social and recreation rooms, catering kitchen, billiards, pickleball, and bocce courts. Prime Location: Just 15 minutes to the sugar sand beaches of Naples or Marco Island, world-class dining, shopping, and entertainment. Low HOA fees make it even more appealing! Bonus: Some Furniture available for purchase—just bring your suitcase and move right in. Seller is licensed real estate agent.
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About Royal Fakapalm
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017