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50 Spoonbill Road
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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 16, 2026 | Listed by The Corcoran Group | $7,995,000 | |
| Listed by The Corcoran Group | |||
| Feb 5, 2026 | Price Decreased |
$8,495,000
↓ $500K
(5.6%) | |
| Price Decreased | |||
| Oct 31, 2025 | Listed by The Corcoran Group | $8,995,000 | |
| Listed by The Corcoran Group | |||
| |||
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Set along the tranquil waters of prestigious Manalapan, this completely reimagined waterfront estate defines luxury family living. With over 6,500 Total square feet, five bedrooms, and six baths, the residence has undergone more than $2 million in renovations, creating a true turnkey family compound designed for both everyday comfort and exceptional entertaining. Featuring over 100 feet of waterfrontage, the home captures breathtaking sunset views and offers direct ocean access nearby. Expansive indoor and outdoor living spaces flow seamlessly together, highlighted by a beautifully redesigned pool area, outdoor kitchen, private dock with boat lift, and lush new landscaping. The thoughtful layout is ideal for multigenerational living, anchored by a serene first-floor primary suite and complemented by a spacious second-floor wing perfect for guests, extended family, or private retreats. Every detail throughout the home has been meticulously updated, including a designer kitchen with premium Wolf and Sub-Zero appliances, spa-inspired baths, custom finishes, smart-home automation, and all-new mechanical systems. Located within one of South Florida's most exclusive communities, with immediate membership available at the Eau Palm Beach Club & Spa, this exceptional Manalapan waterfront residence offers the rare combination of privacy, sophistication, and the warmth of a true family estate.
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| Jun 11, 2019 | Sold | ||
| Sold | |||
| Mar 8, 2019 | Listed by The Corcoran Group | $2,950,000 | |
| Listed by The Corcoran Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017