501 SE 7th Avenue
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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%.
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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.
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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 |
|---|---|---|---|
| Jan 21, 2026 | Sold | ||
| Sold | |||
| Jan 20, 2026 | Listed by Waterman Real Estate, Inc. | $1,375,000 | |
| Listed by Waterman Real Estate, Inc. | |||
| | |||
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Located in Garden Isles Subdivision, This Waterfront 3 BR/ 2 BA Pool Home w/ office (optional 4th BR) Features: A Brand-new metal roof to be completed December 2025, brand new LVP flooring, new AC unit and electrical panel 11/25. Enjoy 70' of waterfront and 65' of dock with ocean access and 1 fixed bridge (12 ft clearance) to the intercoastal waterway. Backyard is a private, tropical retreat w/ 30x15 ft kidney shaped pool heated w/ spa, lush landscaping, outdoor shower, 19ft tiki hut w/ 7 ft bar and sunshade. Impact windows, doors, garage, accordion hurricane shutters, whole house generator, nat gas, and smart exterior lighting. Garage under AC and large attached shed. Short drive to the beach, Pompano airpark, equestrian stables, parks and more. More than a home, it's a lifestyle.
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| Dec 28, 2025 | In contract | - | |
| In contract | |||
| Nov 26, 2025 | Listed by Beaches MLS | $1,375,000 | |
| Listed by Beaches MLS | |||
| Aug 1, 2025 | Price Decreased |
$1,240,000
↓ $39K
(3.1%) | |
| Price Decreased | |||
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About Garden Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017