7349 Carmela Way
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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 |
|---|---|---|---|
| Mar 25, 2026 | Sold | ||
| Sold | |||
| Feb 14, 2026 | In contract | - | |
| In contract | |||
| Feb 6, 2026 | Listed by Walker Reid Realty | $785,000 | |
| Listed by Walker Reid Realty | |||
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The ultimate Florida Lifestyle in the Vibrant 55+ Community of Valencia Palms. This fully furnished 4 Bedroom home has a seamless flow from the foyer to the double glass doors leading to the expansive backyard paver patio (2,000+ sf) and gorgeous lake views! A custom stone wall TV room is adjacent to the spacious kitchen with granite counters. The light-filled rooms and open floor plan have soaring ceilings throughout. The Primary Suite features a Sitting Area w/door to the patio, 2 Walk-in Closets & luxurious Bath w/dual vanities, oversized Shower & soaking tub. Three spacious Bedrooms, with one currently set up as an office.
Resort Style Clubhouse features a Tropical Pool Setting w/Covered Cabanas, Lap & Resistance Pools, and an indoor/outdoor Cafe and full-service Fitness Center. Fitness Center has locker rms, steam rm & aerobics classes. Enjoy the outdoors with Har-Tru tennis, pickleball, bocce, basketball and walking/bike paths. For indoor entertainment there's a Grand Ballroom, three card rooms, and billiard tables for tons of fun!
Quarterly Maintenance Fee includes Lawn Care, Cable, Internet, Exterior House painting & 24-hour Manned Security Gate!
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| Nov 7, 2018 | Sold | ||
| Sold | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017