8656 Carmel Mountain Way
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 |
|---|---|---|---|
| Feb 22, 2024 | Sold | ||
| Sold | |||
| Oct 13, 2023 | Listed by Coldwell Banker Realty | $769,998 | |
| Listed by Coldwell Banker Realty | |||
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Includes furniture or furniture can be removed prior to closing.
Maintenance includes cable, Internet and exterior painting every 8 years.
Ask me about buying down to a lower mortgage rate.
Valencia Cove amenities include The Club at Valencia Cove which is a 39,000 square-foot clubhouse featuring a state-of-the-art fitness center, yoga and exercise rooms, steam and massage rooms, an indoor and outdoor cafe, four card rooms, billiards room, arts and crafts studio with kiln, catering kitchen, demonstration cooking studio, and a grand ballroom with a stage and dance floor. Outdoor amenities include a resort-style pool, lap pool, a resistance pool, whirlpool spa, a wading pool for the grandkids. Participate actively with the eight Har-Tru tennis courts (there is an on-site tennis pro shop), the four pickleball courts, the two handball courts, the two bocce ball courts, and a half basketball court. Enjoy walking on the trails throughout this beautiful neighborhood.
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| Oct 6, 2023 | No longer available | - | |
| No longer available | |||
| Sep 24, 2023 | Price Decreased |
$775,000
↓ $25K
(3.1%) | |
| Price Decreased | |||
| Jul 19, 2023 | 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