90
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501 Hibiscus Dr
About This Property
Spanning over 7,000 square feet, this 6 bed/6 bath remodeled in 2006 residence features a seamless open floor plan with expansive living areas, soaring ceilings, and walls of glass designed to capture natural light and panoramic water views. The layout is ideal for both everyday living and large-scale entertaining.
The home includes an oversized primary suite with a generous private terrace overlooking the pool and wide-open Intracoastal views, creating a true waterfront retreat.
The oversized backyard is designed for hosting, offering ample lounge space and direct water access. A substantial existing dock is already in place, with the capability to accommodate a large yacht, making this a rare opportunity for serious boaters.
Located on a quiet cul-de-sac, the property provides privacy while remaining just minutes from beaches, fine dining, shopping, and major highways. A premier waterfront offering combining lot size, dockage, square footage, and location.
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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.
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About Hallandale Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017