42
Map
5501 Palm 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%.
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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 |
|---|---|---|---|
| Mar 26, 2026 | Sold | ||
| Sold | |||
| Feb 12, 2026 | In contract | - | |
| In contract | |||
| Feb 1, 2026 | Listed by Atlantic Shores ERA Powered | $355,000 | |
| Listed by Atlantic Shores ERA Powered | |||
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Welcome to this beautifully renovated home in the highly sought-after Indian River Estates community—where space, freedom, and location come together with no HOA restrictions.
This home has been thoughtfully updated from top to bottom, featuring fresh interior and exterior paint, all-new flooring, and brand-new appliances (2023), including a modern tankless hot water heater. A new roof and gutters (2025) provide peace of mind for years to come.
The open-concept floor plan offers 4 spacious bedrooms and 2 full bathrooms, with the added bonus of two walk-in pantries for exceptional storage. One of the oversized rooms is currently set up as a homeschool room, perfect for today's flexible lifestyles—or easily adaptable as a media room, home office, or playroom. Step outside to enjoy a large, fully fenced backyard, complete with a screened lanai ideal for relaxing or entertaining, plus an oversized shed for tools, toys, or extra storage. With plenty of room for your boat or RV, this property is a rare findjust minutes from Downtown Historic Fort Pierce, offering easy access to local shops, restaurants, and waterfront attractions. This move-in-ready home combines modern updates, generous space, and a prime locationdon't miss your chance to make it yours.
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| Sep 21, 2022 | Sold | ||
| Sold | |||
| Jul 27, 2022 | Listed by RE/MAX Masterpiece Realty | $295,000 | |
| Listed by RE/MAX Masterpiece Realty | |||
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About Indian River Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017