609 S Beach Road
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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 |
|---|---|---|---|
| Sep 23, 2023 | No longer available | - | |
| No longer available | |||
| May 13, 2023 | Price Decreased |
$49,500,000
↓ $6M
(10.9%) | |
| Price Decreased | |||
| Mar 30, 2023 | Listed by ILLUSTRATED PROPERTIES | $55,555,000 | |
| Listed by ILLUSTRATED PROPERTIES | |||
| | |||
|
Generational trophy property - Ocean to intracoastal 20,000 total sf ultra-modern mansion has been newly renovated and reimagined with unparalleled panoramic ocean & Intracoastal views, with an unmatched luxury lifestyle on over 2 acres of the most sought-after property in the world! Presenting this truly rare and highly desirable direct ocean to Intracoastal 2 acre property on the premier location of the south end of Jupiter Island! Designed by renowned modern architect, Scott Hughes and constructed in 2017, this masterpiece was recently reimagined and renovated with impeccable taste, style and workmanship! Scott Hughes redesigned the basement to accommodate an additional 12+ car garage to be completed and approved by Town or Jupiter Island. See plans. The manager has listed the unit size as 11765 square feet.
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| Apr 30, 2022 | Listed by Illustrated Properties LLC (Jupiter) | $35,500,000 | |
| Listed by Illustrated Properties LLC (Jupiter) | |||
| | |||
| Apr 18, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017