1118 Miramar Drive
About This Property
" Fully approved plans by Jeffrey Silberstein
" Contemporary design with clean lines and functional floor plan
" 5 bedrooms / 6.1 baths
" 5,612 ac square feet / 7,361 total sq ft
" Privacy wall and decorative drive
" Foyer entry opens to living area and stairway with powder room and elevator located nearby
" Expansive living and dining area is open to kitchen and overlooks pool and grounds with access to covered loggia
" Kitchen with pantry; wine storage for several hundred bottles; and access to garage and laundry room
" First floor primary wing with dual closets; dual baths with under floor heating; and access to loggia and pool
" First floor office
" Four en suite bedrooms on second floor
" Two additional offices on second floor
" Second floor laundry
" Second floor flex space could be used for home theatre
" Guest kitchenette capability on second floor
" Expansive covered loggia overlooking 40-foot pool designed for lap swimming
" Landscape and irrigation plan
" Roof designed to be solar paneled and off grid
Take advantage of the approved plans and build a stunning contemporary coastal home or create your own design. Either way, this is the perfect location to enjoy all that East Delray Beach has to offer.
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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 |
|---|---|---|---|
| Oct 31, 2023 | Sold | ||
| Sold | |||
| Aug 11, 2023 | Listed by Douglas Elliman | $2,995,000 | |
| Listed by Douglas Elliman | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017