508 PALM CREST Drive
About This Property
As you step through the impressive two-story foyer, you are greeted by an open-concept design that flows effortlessly into the expansive living room. This bright and airy space extends to a covered lanai, perfect for indoor-outdoor living overlooking the pool and peaceful preserve. The gourmet kitchen, complete with high-end finishes, overlooks both the living and dining areas-an entertainer's dream! The lavish primary suite spans an entire side of the home, featuring double walk-in closets, dual vanities, and a spacious walk-in shower. There is also under stair storage added that enters from the second primary closet.
On the second floor, you'll find four generously sized bedrooms, two full bathrooms, and a large bonus room, a perfect example of a split floor plan.
Outside, enjoy the luxurious pool/hot tub in your fully fenced yard with a mosquito mist system and take in the serene surroundings from the lanai.
Don't miss the opportunity to make this meticulously crafted home your own in the highly desirable Palm Crest in Nocatee. This unique, one of a kind neighborhood, is one street with 100 homes that back up to either preserve or water.
Come enjoy all that the master planned community of Nocatee has to offer! Offering world class amenities including a waterpark, pools, pickleball courts, fitness center, food truck Friday, social gatherings, walking and biking trails, all while riding around on your golf cart.
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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 |
|---|---|---|---|
| Jul 7, 2025 | Sold | ||
| Sold | |||
| May 26, 2025 | In contract | - | |
| In contract | |||
| May 16, 2025 | Price Decreased |
$1,325,000
↓ $5K
(0.4%) | |
| Price Decreased | |||
| May 8, 2025 | Price Decreased |
$1,330,000
↓ $10K
(0.8%) | |
| Price Decreased | |||
| May 2, 2025 | Price Decreased |
$1,340,000
↓ $10K
(0.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017