1226 SE 12th Terrace
About This Property
The custom architectural masterpiece features a split floor plan that seamlessly merges indoor and outdoor spaces, ideal for coastal living. Soaring ceilings, a grand front -entry pivot door, and luxurious finishes throughout enhance the home's elegance. The gourmet kitchen boasts Crystallo quartzite countertops and top-of-the-line gas appliances, while the master bath offers a steam shower for spa-like relaxation. Outdoors, a marble pool deck and a WearDeck composite dock create the perfect setting for entertainment and relaxation.
Located just minutes from the beach, Downtown Boca Raton, and The Cove, this home embodies South Florida luxury and style, delivering an unparalleled coastal lifestyle experience.
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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 13, 2024 | Sold | ||
| Sold | |||
| Nov 25, 2024 | In contract | - | |
| In contract | |||
| Sep 25, 2024 | Listed by Keller Williams Realty Boca Raton | $3,599,000 | |
| Listed by Keller Williams Realty Boca Raton | |||
| Jun 20, 2024 | No longer available | - | |
| No longer available | |||
| May 14, 2024 | Price Decreased |
$3,799,000
↓ $198K
(5%) | |
| Price Decreased | |||
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About The Cove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017