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606 Palm Dr
About This Property
feet of waterfront, this lot features a brand-new batter-pile seawall with a raised cap-ideal for passionate boaters.
Positioned on deep-water, it offers easy access to the Intracoastal Waterway and the Atlantic Ocean, with no fixed
bridges and mere seconds away. The lot itself spans 85' x 135', totaling 11,475 sq.ft. Golden Isles is conveniently
situated between Miami and Fort Lauderdale, offering proximity to the beach, Bal Harbour shops, Gulfstream Park,
Aventura Mall, and more.
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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 |
|---|---|---|---|
| Jan 16, 2026 | Listed by Cervera Real Estate Inc | $3,475,000 | |
| Listed by Cervera Real Estate Inc | |||
| Apr 11, 2024 | No longer available | - | |
| No longer available | |||
| Dec 15, 2023 | Listed | $3,295,000 | |
| Listed | |||
| | |||
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Prime waterfront property available for construction in the secure gated community of Golden Isles. Boasting 85 feet of waterfront, this lot features a brand-new batter-pile seawall with a raised cap—ideal for passionate boaters. Positioned on deep-water, it offers easy access to the Intracoastal Waterway and the Atlantic Ocean, with no fixed bridges and mere seconds away. The lot itself spans 85' x 135', totaling 11,475 sq.ft. Golden Isles is conveniently situated between Miami and Fort Lauderdale, offering proximity to the beach, Bal Harbour shops, Gulfstream Park, Aventura Mall, and more.
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| Sep 20, 2023 | No longer available | - | |
| No longer available | |||
| Sep 18, 2023 | Sold | ||
| Sold | |||
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About Hallandale Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017