51 Colony Road
About This Property
Location, Location, Location! Enjoy kayaking, paddleboarding, or jetskiing steps away from the Intracoastal, or take a dip in the Atlantic Ocean. The home is a short walk to the JIB marina, private beach club, and Coral Cove Park. Surrounded by top local dining options like Guanabanas, Lucky Shuck, Blackbird, and Michael Jordan's restaurant 1000 North. Less than 25 minutes from PBI Airport, and with its own private police station, Jupiter Inlet Colony offers extra peace of mind.
This island paradise home, with its beautiful garden filled with exotic botanicals, pristine beaches, and prime surfing, paddling, and swimming opportunities, is truly a hidden treasure.
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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 |
|---|---|---|---|
| Aug 20, 2024 | Sold | ||
| Sold | |||
| Jul 12, 2024 | Listed by Illustrated Properties LLC (Jupiter) | $3,550,000 | |
| Listed by Illustrated Properties LLC (Jupiter) | |||
| Apr 2, 2024 | No longer available | - | |
| No longer available | |||
| Mar 10, 2024 | Price Decreased |
$3,599,000
↓ $76K
(2.1%) | |
| Price Decreased | |||
| Jan 10, 2024 | Price Decreased |
$3,675,000
↓ $74K
(2%) | |
| Price Decreased | |||
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About Jupiter Inlet Beach Colony
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017