968 Allamanda Drive
About This Property
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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.
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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 |
|---|---|---|---|
| May 14, 2024 | Sold | ||
| Sold | |||
| Feb 1, 2024 | Listed by Douglas Elliman | $5,499,000 | |
| Listed by Douglas Elliman | |||
| | |||
|
Sensational Tropic Isle home offers 94 feet of waterfrontage with private dock and ocean access via nearby inlets. Situated on a cul-de-sac just two lots off the point, this six bedroom waterfront residence is in pristine condition with high-quality finishes and water views throughout. Boasting 7,784 total square feet and an open floor plan with volume ceilings, the property is ideal for privacy and entertaining alike. Features include walls of glass sliders for easy access to outdoor living areas and the pool; easy flow from living room to kitchen to casual living area; walk in pantry; and three car garage. Enjoy outdoor living with covered loggia and custom electric screens; built-in grill and serving area; waterside patio; and heated pool with spa. Boaters will appreciate the private dock and easy ocean access via nearby inlets. Tropic Isle is located close to shopping, dining and Atlantic Ave.
FEATURES
" 94 feet of waterfrontage just two properties from the point lot
" Private dock and easy ocean access via nearby inlets
" 5,523 square feet under air / 7,784 total square feet
" 6 bedrooms / 6 full and 1 half bath
" Meticulously maintained with high-end finishes and quality design
" Cul-de-sac location with great curb appeal and decorative circular drive
" Front portico entry leads to double glass door entry
" Volume ceilings and walls of glass sliders provide natural light and easy access to covered loggia
" Open floor plan with views of the pool and water throughout
" Living room easily flows to the kitchen, dining room, and casual living room
" Open kitchen with island; top-of-the-line appliances; wine fridge; snack bar seating; large pantry; and butler's pantry
" Stately staircase with landing and open hallway on second floor
" Primary wing with views of the pool and waterway; morning bar; access to large covered balcony; two walk-in closets; and luxurious bath with tub, shower, and dual vanities
" Five additional en suite bedrooms; one of the ground floor guest rooms are currently set up as an office & den
" Large covered loggia with plenty of room for outdoor living and dining
" Outdoor built-in grill and serving area with counter space and sink
" Expansive waterside open patio with space for lounging poolside
" Heated salt-water pool with spa
" Private dock just two lots from Intracoastal with easy ocean access via Boca Raton or Boynton Beach inlets
" First floor and second floor laundry rooms
" Elevator
" Three car garage
" Impact glass windows and doors throughout
" Generator
" Nearby shops and restaurants and East Atlantic Ave
" Located between Palm Beach and Fort Lauderdale with 3 international airports and several private airports available
This stunning waterfront residence is in pristine condition and offers the very best in South Florida luxury living.
| |||
| Jan 24, 2024 | No longer available | - | |
| No longer available | |||
| Dec 16, 2023 | Price Decreased |
$5,999,000
↓ $100K
(1.6%) | |
| Price Decreased | |||
| Nov 2, 2023 | Price Decreased |
$6,099,000
↓ $201K
(3.2%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Price/ft²
Listed On
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About Tropic Isle North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017