7501 Colony Palm 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 |
|---|---|---|---|
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Aug 22, 2025 | In contract | - | |
| In contract | |||
| Jul 24, 2025 | Price Decreased |
$614,950
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Jul 9, 2025 | Price Decreased |
$624,950
↓ $4K
(0.6%) | |
| Price Decreased | |||
| May 20, 2025 | Listed by Serhant | $629,000 | |
| Listed by Serhant | |||
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UP TO $5,000 SELLERS CREDIT! Colony Palm's finest listing is hitting the market, and you have to see it. Inside the beautiful, gated community boats one of the largest models with a fully updated master bathroom, spacious floorplan impact windows, and so much more. The family room, dining, kitchen and sitting area on the main level provides easy living both indoor and out with your gated backyard and screen room. All 4 large bedrooms are upstairs which provides privacy from guest. A 2 car garage and ample storage truly set this home apart from the rest. The community amenities provide a pool, basketball court, tennis and pickleball plus a park. Enjoy evening strolls and a neighborhood every day! This is one you will not want to miss!
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About Colony at Boynton Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017