748 Palms Boulevard
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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 |
|---|---|---|---|
| Feb 21, 2025 | Sold | ||
| Sold | |||
| Dec 9, 2024 | No longer available | - | |
| No longer available | |||
| Nov 28, 2024 | Relisted | $4,995,000 | |
| Relisted | |||
| Nov 18, 2024 | In contract | - | |
| In contract | |||
| Oct 26, 2024 | Listed by Compass | $4,995,000 | |
| Listed by Compass | |||
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Stunning Architectural Masterpiece in Venice! This home is a true showstopper, situated on one of Venice's most prestigious streets. With three bedrooms and three and a half baths, it perfectly blends luxury and comfort while offering an impressive array of features that appeal to the discerning buyer. Upon entering, you're greeted by a dramatic floor-to-ceiling glass front door that sets the tone for the home's impressive design. The expansive open-plan interior flows effortlessly, enhanced by multiple 26-foot Fleetwood sliding pocket doors that invite an abundance of natural light and create a seamless transition between indoor and outdoor living ideal for entertaining. The elegant living and formal dining areas establish an inviting ambiance, perfect for hosting gatherings. Step outside to discover a spacious backyard oasis with lush landscaping, a stylish loft-style pool house, a shimmering pool, an outdoor shower, and a BBQ area designed for ultimate privacy and relaxation. A private gated front patio, accessible from the downstairs bedrooms, adds an extra layer of seclusion and charm. The gourmet eat-in kitchen is a chef's delight, featuring high-end stainless steel appliances, quartz countertops, and a stunning beamed tongue-and-groove vaulted ceiling, along with a breakfast bar that encourages casual gatherings and easy entertaining. The expansive upstairs primary suite is a true retreat, complete with a private wrap-around balcony and a luxurious bathroom featuring skylights that bring in natural light for a bright, airy feel. The spa-like atmosphere includes a dual sink vanity and custom walnut closets, ensuring both elegance and functionality. With a long private driveway offering ample parking, this home combines privacy with convenience. Located just moments from Venice's finest dining, shopping, and entertainment on Abbot Kinney, you'll find yourself in the heart of everything that makes this vibrant community so special. This architectural masterpiece truly has the "wow" factor, making it a must-see for those seeking a sophisticated lifestyle in one of California's most sought-after locations. Experience the best of Venice living in this extraordinary residence!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017