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5845 Seashell Terrace
About This Property
Moving inside, the interior eloquently boasts vinyl and tile flooring, offering a sleek and easy-to-maintain surface throughout. Exceptionally suited for hosting, accommodating dining spaces include a formal dining area and a more casual eat-in kitchen. Its culinary space is outfitted with a generously-sized, two-step walk-in pantry and granite countertops, complete with a full backsplash for an added touch of elegance. Venture further into the living area, and be greeted by a welcoming atmosphere provided by an air-conditioned Florida room, easily utilized as an additional family room. The primary bedroom is a sanctuary within the home, incorporating two sizable walk-in closets, a Roman tub, double vanity, and the privacy of a separate restroom, creating an entire suite of comfort and luxury. A step-down shower adds to the long list of impressive features found within the sleeping quarters. Nature enthusiasts will appreciate the atrium offering additional seating or your very own indoor gardening space; it can even be adapted for Sukkot holiday celebrations.
The exterior of the property is equally impressive, including an ample paved driveway and accordion shutters. A unique added feature of this residence is having access to a full-house generator. This amenity ensures an uninterrupted power supply during hurricane season, keeping air conditioning and all appliances running.
An enjoyable lifestyle extends beyond your doorstep with the amenities available within the gated Majestic Isles neighborhood. Access a remarkable clubhouse offering a fitness studio, social spaces, theater, pool, spa, and courts for tennis and pickleball enthusiasts. The location is conveniently within walking distance of places of worship.
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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 |
|---|---|---|---|
| Jun 20, 2025 | Sold | ||
| Sold | |||
| May 26, 2025 | In contract | - | |
| In contract | |||
| Apr 10, 2025 | Price Decreased |
$639,000
↓ $36K
(5.3%) | |
| Price Decreased | |||
| Mar 18, 2025 | Price Decreased |
$675,000
↓ $24K
(3.4%) | |
| Price Decreased | |||
| Mar 4, 2025 | Listed by EXP Realty LLC | $699,000 | |
| Listed by EXP Realty LLC | |||
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017