1031 NE 3rd Avenue
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 |
|---|---|---|---|
| Jan 6, 2026 | Sold | ||
| Sold | |||
| Dec 10, 2025 | In contract | - | |
| In contract | |||
| Sep 10, 2025 | Listed by Serhant | $5,695,000 | |
| Listed by Serhant | |||
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Welcome to 1031 NE 3rd Avenue, a newly constructed residence in the highly sought-after Boca Villas neighborhood, crafted by Skymar Custom Homes. This modern home sits on a 108' x 80' lot and offers a seamless blend of design, function, and location.
The main level features an open-concept layout with a chef's kitchen highlighted by a 9.5' x 11' island, custom two-tone cabinetry, paneled Thermador column refrigerator and freezer, dual-gas and electric range, wall speed oven, built-in coffee maker, and walk-in pantry with secondary laundry. Living and dining areas flow naturally into the clubroom with a wet bar and designer finishes, along with a flexible office or guest suite. Smart home technology includes Control4 lighting and automation, Sonos sound system, security cameras and landscape lighting. The backyard is designed for entertaining with a covered patio, oversized pool with sun shelf, spa with cascading waterfall, and a grassy area.
Upstairs, a loft with balcony access separates the guest bedrooms, each with en-suite baths, and a full laundry room. The primary suite offers two spacious walk-in closets and a spa-style bath featuring a glassless wet room with dual rain shower heads, multiple sprayers, and an oversized soaking tub.
Ideally located in East Boca, this home is just minutes from Mizner Park, The Boca Raton Resort & Club, beaches, dining, and downtown.
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| Jan 20, 2015 | Sold | ||
| Sold | |||
| Jul 2, 2014 | Listed by Castles By The Beach, Inc. | $499,000 | |
| Listed by Castles By The Beach, Inc. | |||
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About Boca Villas
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017