45
Map
677 Palos Verde 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%.
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 |
|---|---|---|---|
| Jan 15, 2025 | Sold | ||
| Sold | |||
| Dec 19, 2024 | In contract | - | |
| In contract | |||
| Dec 7, 2024 | In contract | - | |
| In contract | |||
| Dec 6, 2024 | Listed by Pittner Real Estate | $750,000 | |
| Listed by Pittner Real Estate | |||
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Step into luxury with this beautiful 5-bedroom, 4.5-bathroom pool home featuring a downstairs master suite. Spacious, open floor plan with high-end finishes and natural light throughout. The gourmet kitchen flows seamlessly into the living and dining areas, perfect for entertaining. A Chef's delight kitchen boasts solid wood cabinets, granite counters, stainless appliances and a double oven! The expansive living spaces and lake views are sure to empress as they overlook the private pool and hot tub. Outside relax in your private, resort-style pool and hot tub with serene lake views—ideal for relaxation or hosting guests. Located in the prestigious Montecito gated community, just blocks from the Atlantic ocean the impressive clubhouse includes world-class amenities including a fitness center, resort-style pool, playground offering the ultimate in convenience and leisure. Experience the very best of beachside living in this stunning home located only a few blocks to the Ocean!
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| Aug 1, 2017 | Sold | ||
| Sold | |||
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About Montecito
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017