40
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802 Floret Drive
About This Property
Frenchman's Reserve Country Club residents Experience luxury in a relaxed, private atmosphere where world class services & resort style living meet. Enjoy amenities such as, the grand 45,000 SF Clubhouse, the signature Arnold Palmer designed championship golf course, dining, fitness, spa, tennis and an exciting social calendar filled with great activities/events for everyone. Friends, family & visitors of the Club also enjoy full access to the exceptional amenities when staying in the guest suites. All centrally located and convenient to Palm Beach International Airport (approximately 20 mins.), beautiful beaches, shopping & dining synonymous with the Palm Beach & South Florida lifestyle.
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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 9, 2026 | Sold | ||
| Sold | |||
| Nov 26, 2025 | In contract | - | |
| In contract | |||
| Oct 29, 2025 | Price Decreased |
$2,450,000
↓ $149K
(5.7%) | |
| Price Decreased | |||
| Aug 21, 2025 | Listed by Illustrated Properties (Abacoa) | $2,599,000 | |
| Listed by Illustrated Properties (Abacoa) | |||
| Oct 1, 2015 | Sold | ||
| Sold | |||
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About Frenchmans Reserve
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017