1002 Seasage Drive
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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 |
|---|---|---|---|
| May 27, 2026 | Sold | ||
| Sold | |||
| May 26, 2026 | In contract | - | |
| In contract | |||
| May 12, 2026 | Price Decreased |
$12,995,000
↓ $1M
(9.7%) | |
| Price Decreased | |||
| Mar 18, 2026 | Price Decreased |
$14,395,000
↓ $2M
(10%) | |
| Price Decreased | |||
| Jan 8, 2026 | Listed by Premier Estate Properties, Inc | $15,995,000 | |
| Listed by Premier Estate Properties, Inc | |||
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British West Indies-inspired estate fronting 143± ft. on a no-wake zone of the Intracoastal waterway. Custom construction by Seaside Builders with design by Richard Jones Architecture. Casually elegant open living areas flow to waterfront loggia and pool. Luxurious master suite. Fabulous location near the beach and Atlantic Avenue's shopping and dining. Near the beach and Atlantic Avenue, this British West Indies-style Intracoastal estate offers the ultimate waterfront lifestyle, complete with protected dockage. Directly on the Intracoastal in the desirable Seagate beachside neighborhood, this British West Indies-inspired estate fronts 143± feet on a no-wake zone of the Intracoastal waterway, featuring protected deepwater dockage and wide vistas across the waterway. This luxurious custom residence combines the top talents of Seaside Builders and Richard Jones Architecture, both noted Delray Beach-based firms. Placing an equal emphasis on beauty, quality, and practicality, the casually elegant 2-story estate home is generously sized with a total of 8,702± square feet including an elevator, 5 bedrooms, 5½ baths, and 4-bay garage. High-end finishes feature marble and hardwood floors plus impact-glass windows and exterior doors. View-filled glass doors open to the waterfront loggias and pool patio from the seamless living dining rooms as well as from the club room and combined family/breakfast room and chef's kitchen. On the second floor, the spacious master suite opens to a private waterfront loggia and offers a sitting room, 2 walk-in closets and a luxurious bath. Upstairs, the loft-style sitting room is accompanied by 2 bedroom suites each with their own private balcony and bath. Offering Delray Beach living at its finest, the estate is perfectly located in a serene waterfront setting within walking distance of the beach, less than a mile from charming Atlantic Avenue's cosmopolitan shopping and dining in the city's vibrant downtown district. DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. "No payments made until title passes" Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Information published or otherwise provided by seller, listing company or its representatives is deemed reliable but are not guaranteed and subject to errors, omissions, or changes without notice. Copyright 2024 by the listing company. All Rights Reserved.
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About Seagate
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017