514 Anchorage Drive
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 16, 2025 | Sold | ||
| Sold | |||
| Nov 20, 2025 | In contract | - | |
| In contract | |||
| Sep 12, 2025 | Price Decreased |
$3,200,000
↓ $5M
(61.2%) | |
| Price Decreased | |||
| Aug 27, 2025 | Listed | $8,250,000 | |
| Listed | |||
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Build your dream estate in the highly coveted Village of North Palm Beach! This custom waterfront property presents a rare opportunity to own nearly an acre (0.8335 acres) with 107 feet of prime water frontage on the scenic Earman River. Custom architectural plans by renowned luxury builder Foster Banyan Building & Development envision an elegant residence with 5 bedrooms, 5 full baths, 2 half baths, an office, and a den, all within 5,180 A/C sq. ft. and 7,508 total sq. ft. Unique to this property, the oversized lot allows for design flexibility, including an optional 1,000 sq. ft. casita(estimated $650,000) or additional garage. The casita design offers a private 1-bedroom, 1-bath guest retreat with family room, morning bar, separate laundry, and a breezeway connection to the main home.
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| Jul 18, 2025 | Listed by The Keyes Company (PBG) | $3,350,000 | |
| Listed by The Keyes Company (PBG) | |||
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Build Your Dream Home in The Village of North Palm Beach! This expansive 0.8335-acre cleared lot is ready for construction and comes with custom architectural plans by Foster Banyan, one of South Florida's premier luxury home builders. Located in a sought-after neighborhood, this is a rare opportunity. Interested in a turnkey option? A different price is available for buyers who wish to have the home built on the lot.
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About North Palm Beach Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017