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Map
5176 Palm Way N
About This Property
Discover this rare 4-bedroom, 3-bath gem tucked away on an oversized tropical lot with no HOA, offering endless potential. Add a pool, extra garage, or your own private retreat-the space is yours to create.
Enjoy stainless steel appliances, a cozy fireplace, and balconies on both the front and back, plus a covered patio perfect for outdoor living. The upstairs features a versatile suite that can serve as a primary bedroom, in-law space, or rental, complete with a mini fridge, sink, large en suite bath, and walk-in closet.
A-rated schools, holiday parades, and just minutes from the beach, highways, and entertainment, this home offers both comfort and convenience. "Enjoy peace of mind with a newer roof installed in 2016, offering long-lasting protection and lower insurance premiums."
With luxury developments nearby, you'll gain equity fast. Whether you're an investor or a growing family, this is a rare opportunity you won't want to miss.
Hidden gems like this don't last schedule your tour today! Must See!
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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 |
|---|---|---|---|
| Nov 26, 2025 | Sold | ||
| Sold | |||
| Oct 1, 2025 | In contract | - | |
| In contract | |||
| Sep 13, 2025 | Price Decreased |
$649,000
↓ $30K
(4.4%) | |
| Price Decreased | |||
| Aug 26, 2025 | Price Decreased |
$679,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Aug 2, 2025 | Price Decreased |
$689,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017