8991 SE Eldorado Way
About This Property
The single-story floor plan features over 1,500 sq ft with a true split-bedroom design, tile and laminate flooring throughout, and a spacious great room that flows to the outdoor patio. The primary suite includes dual vanities, and partial impact windows pair with full panel shutters for added storm protection.
Out back, a screened-in pool provides a quiet retreat surrounded by tropical landscaping. The 2-car garage adds convenience, and the HOA covers exterior maintenance and lawn care.
With access to a clubhouse, tennis, pickleball, fitness center, and more, plus close proximity to Hobe Sound beaches, Seabranch Preserve, and A-rated schools, this home blends lifestyle, value, and location.
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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 |
|---|---|---|---|
| Sep 16, 2026 | Price Decreased |
$499,000
↓ $16K
(3.1%) | |
| Price Decreased | |||
| Sep 11, 2026 | Relisted | $515,000 | |
| Relisted | |||
| Sep 6, 2026 | No longer available | - | |
| No longer available | |||
| Mar 31, 2026 | Price Decreased |
$515,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Jan 22, 2026 | Listed by Real Broker LLC | $525,000 | |
| Listed by Real Broker LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017