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5505 Grande Palm Circle
About This Property
The spacious primary suite is a true retreat, featuring wood floors, a large walk-in closet and an ensuite bath with a shower, double vanity, and a relaxing tub. The second bedroom is filled with natural light, has a large walk-in closet, and is conveniently located next to a full guest bath. Additional highlights include a dedicated laundry room adjacent to the two-car garage, full accordion hurricane protection, and a 2024 barrel tile roof.
Palm Beach Bath & Tennis is a gated, all-ages community offering a true resort-style lifestyle. The low HOA covers landscaping, cable with HBO, an ADT security system, and full maintenance of the community's amenities. Residents can relax by the pool and spa, host gatherings at the clubhouse, work out in the exercise room, or stay active on the tennis and basketball courts making every day feel like a getaway.
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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 |
|---|---|---|---|
| Mar 19, 2026 | Sold | ||
| Sold | |||
| Feb 25, 2026 | In contract | - | |
| In contract | |||
| Feb 19, 2026 | Price Decreased |
$419,000
↓ $6K
(1.4%) | |
| Price Decreased | |||
| Jan 21, 2026 | Price Decreased |
$424,900
↓ $24K
(5.4%) | |
| Price Decreased | |||
| Jan 8, 2026 | Listed by Compass Florida LLC | $449,000 | |
| Listed by Compass Florida LLC | |||
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About Tropical Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017