5014 Palmera Drive
About This Property
Entertain with ease in the sparkling pool complete with hot tub, jumping rock and slide or unwind in the beautifully updated interior. Recent upgrades include new flooring throughout both levels, fresh baseboards, modern lighting, and interior paint. The oversized kitchen shines with stainless steel appliances and ample counter space, perfect for gatherings. The new LVP on lower level was just installed with baseboards as well as upper-level quality carpeting & baseboards as well as designer paint. The open floorplan has very large rooms with all 4 bedrooms upstairs. The floorplan has an optional 5 th bedroom option on the far end of the family room by adding a wall & door if needed.
The primary suite offers vaulted ceilings and private access to a new wood deck, ideal for morning coffee or evening relaxation. Upstairs, all bedrooms are filled with natural light through large windows. The front living room has high ceilings and combined with dining room being used as game room (table included) or lounge space, while the cozy family room features a sleek modern fireplace.
Step outside to a spacious backyard with fruit trees and room to relax or entertain. Nestled on a quiet street, the home offers peace and privacy while still being just two miles from restaurants, coffee shops, shopping, and gyms. Oceanside Pier and major highways are only a short drive away, making this the perfect blend of comfort and convenience. Community Park with basketball close by too. This quiet street features higher end Centex builder homes with taller garages, finer details, high ceilings, crown moldings all over and extra parking.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 3, 2025 | Sold | ||
| Sold | |||
| Oct 31, 2025 | In contract | - | |
| In contract | |||
| Oct 23, 2025 | Price Decreased |
$1,299,000
↓ $31K
(2.3%) | |
| Price Decreased | |||
| Sep 23, 2025 | Listed by CENTURY 21 Affiliated | $1,330,000 | |
| Listed by CENTURY 21 Affiliated | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017