1216 Spanish River Road
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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%.
How much can I actually make?
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 |
|---|---|---|---|
| Dec 18, 2024 | Sold | ||
| Sold | |||
| Nov 22, 2024 | In contract | - | |
| In contract | |||
| Jan 31, 2024 | Listed by Serhant | $11,795,000 | |
| Listed by Serhant | |||
| | |||
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*Expected Completion within 60 days* introducing 1216 Spanish River Road, a prestigious Sea-Side Generational Estate poised to captivate the market with an anticipated completion Early Fall 2024. Nestled within the exclusive Spanish River Land, this Gated Estate occupies the most enviable oversized homesite, spanning an impressive .56 acres of meticulously planned home and grounds. The new home's Coastal Contemporary Design showcases a sophisticated blend of coastally influenced finishes and understated contemporary elegance built by Skymar Custom Homes. The residence boasts a thoughtfully crafted floor plan encompassing more than 11,500 Total SQFT living space, including the 5-car air conditioned garage as well as the expansive covered Loggias and balconies.
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| Jun 3, 2021 | Sold | ||
| Sold | |||
| Jun 1, 2021 | Listed by Castles By The Beach, Inc. | $2,475,000 | |
| Listed by Castles By The Beach, Inc. | |||
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About Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017