729 Biscayne 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%.
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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 3, 2025 | Sold | ||
| Sold | |||
| Dec 7, 2024 | In contract | - | |
| In contract | |||
| Jul 16, 2024 | Listed by The Corcoran Group | $1,375,000 | |
| Listed by The Corcoran Group | |||
| | |||
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Welcome to this charming home at 729 Biscayne Drive in West Palm Beach's historic Flamingo Park district, where warmth and character greet you at every turn. This exceptional property features an open floor plan that seamlessly connects the kitchen and great room. Vaulted ceilings with grand wood beams and metal brackets create a striking focal point. The kitchen is a chef's dream, boasting custom wood cabinetry with glass doors, stone countertops, a gas stovetop, stainless steel appliances, and ample space for entertaining.
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| Jan 3, 2017 | Sold | ||
| Sold | |||
| Nov 23, 2016 | Listed by The Fite Group | $499,000 | |
| Listed by The Fite Group | |||
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About Flamingo Park
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$5,950 /mo
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- 1 Bath
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$8,250 /mo
- 4 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017