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1230 S Ocean Boulevard
About This Property
As you step inside, you'll notice the finest finishes and fixtures curated from around the world. From marble and wood flooring to a state-of-the-art kitchen featuring Miele, SubZero, and Wolf appliances, topped off with a stunning La Cornue 6-burner gas stove and a wine fridge. Every room is thoughtfully designed, with a Lutron lighting system and pre-wired audio/visual equipment enhancing the home's ambiance.
The main floor houses a luxurious primary suite, complete with a private office, two walk-in closets, a cozy fireplace, and a spa-like bathroom with dual sinks, a soaking tub, shower, and water closet. A second guest bedroom with an ensuite bath is also conveniently located on this level, along with formal dining, a private gym, four elegantly designed powder rooms, and a laundry room with dual Electrolux washers and dryers.
Upstairs, you'll find three additional guest suites, each with their own ensuite bathroom, ensuring privacy and comfort for all.
Outside, the property is just as impressive. Designed by renowned landscape architect Fernando Wong, the grounds create a serene escape, while the gas-heated pool invites relaxation year-round. The home is equipped with a full-house Kholer 60KW generator, 11 A/C zones, and an entire water filtration system with UV lighting for ultimate convenience and peace of mind.
With a climate-controlled 3-stall garage, this estate offers luxury at every turn, making it a standout among the most prestigious homes in Palm Beach.
To make this property even more desirable, there is beach access located a short distance away at the end of Emerald Beach Way.
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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.
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017