11 Harbour Drive N
About This Property
This is a once in a lifetime opportunity for a visionary buyer. If you enjoy updating and renovating a home's interior to reflect your personal design and taste, this is the home to do just that. You may choose to retain some of the existing upgrades like the storm impact windows and doors, and stainless steel Samsung appliances in the kitchen or do a complete makeover.
If your goal is to acquire a prime location in one of south Florida's most desirable, upscale areas and build a brand new home for your use, or to build a boater's dream home as an investment opportunity, this is the affordable property and prime location to make that happen.
Whether you renovate or rebuild, the home is in the quiet, secure community of Ocean Ridge. For the boater, it's just minutes to deep water ocean access.
Among many other amenities are fine dining and shopping in nearby Delray Beach, Boca Raton and along Worth Avenue in prestigious Palm Beach and you're just a short drive from the Palm Beach International Airport.
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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 |
|---|---|---|---|
| Jul 19, 2024 | Sold | ||
| Sold | |||
| Jun 10, 2024 | Listed by Laguna Realty & Sales, Inc. | $2,499,900 | |
| Listed by Laguna Realty & Sales, Inc. | |||
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Welcome to your waterfront oasis in beautiful Ocean Ridge. This home comes to you fully furnished. It has been completely remodeled and sits on an intracoastal canal with 96 feet of water frontage, with a 48' Dock. The rear of this home boasts a well sunlit room which over looks a fully automated saltwater pool and spa. Both are on PILINGS. Surrounding your pool is imported stone decking, custom lighting, a new dock and boat lift. This home has a new redesigned kitchen, with a Butlers Pantry with a wine fridge. The floors are porcelain wood plank tile and the bathrooms have been updated with modern vanities. Ocean Ridge is a quaint
town on the barrier island, a real boaters paradise. When your not boating walk to the Ocean just across the street.
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| Apr 14, 2023 | Sold | ||
| Sold | |||
| Jan 14, 2023 | Listed by The Corcoran Group | $2,500,000 | |
| Listed by The Corcoran Group | |||
| Nov 4, 2020 | Sold | ||
| Sold | |||
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About Ridge Harbour Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017