1241 Cocoanut Road
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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.
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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 |
|---|---|---|---|
| Sep 23, 2024 | Sold | ||
| Sold | |||
| Mar 12, 2024 | Listed by Premier Estate Properties Inc | $8,495,000 | |
| Listed by Premier Estate Properties Inc | |||
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Buyer pays title insurance, Florida documentary stamps, and all other closing costs.
A striking architectural statement, this modern showplace encased in glass window walls seamlessly blends indoor and outdoor living with the finest designer finishes.
At the pinnacle of modern and luxurious, famed architect George Brewer with Signature Building Group masterfully originally created this one-of-a-kind estate. Covered in expansive window walls and innovatively designed, each room allows guests to feel enveloped in the tropical grounds that surround this artistic residence. The lavish combination of interior designer finishes and expansive outdoor living defines this residence that presides in Boca Raton's oldest, most prestigious Estate Section. This sleek estate is a new world unto itself; sited on a sprawling 150± feet by 150± feet parcel is a rare find in this beachside enclave. World-class beaches, The Boca Raton and Mizner Park are all in close proximity to this iconic neighborhood.
Perfectly intimate for a family or grand enough for meeting the needs of an entertainer, this 5-bedroom maison totals 7,956± square feet. Affording ultimate privacy, a walled and gated motor court accompanies the dramatic architectural structure entry with a magnificent water feature leading to the glass-encased foyer. Lush greens create a garden ambiance that can be admired from every sun filled room in this spacious residence. Oversized 12-foot sliders tie together the indoor living spaces to the outdoor oasis featuring a covered loggia, a stand-alone summer kitchen, resort-style pool and spa.
Location:
Cocoanut Road, Boca Raton, Florida. Known as the jewel in the crown of Boca Raton, The Estate Section is a sought-after beachside enclave across from the world-renowned The Boca Raton, close to Mizner Park's fine shopping and dining.
Property:
Commanding a vast sought after 150± feet by 150± feet lot, this modern masterpiece was built on park-like grounds between the Intracoastal and the Atlantic Ocean. The walled and gated motor court is flanked by manicured tropical landscaping and is finished with a dramatic water feature entrance. Suited for large gatherings, the outdoor living space features a covered loggia, a separate pavilion with summer kitchen with a grill and patio overlooking the sun-splashed pool with a spa. A private garden shower can be found off of the master suite.
Residence:
This two-story residence totals 7,956± square feet featuring 5 bedrooms, 5 full and 1 half baths, and a 3-bay garage. The glass-encased foyer is finished with imported Italian porcelain floors that carry throughout the main living areas of this natural light infused estate. Floor-to-ceiling glass sliders and window walls encompass the open floor plan residence.
First Floor:
Guests are welcomed into the impressive glass-encased foyer with imported Italian porcelain floors, hosting a free-floating staircase to the left and landscaped atrium to the right. Beyond the foyer hallway, 12± feet impact glass sliders surround the open family room, dining area, and chef's kitchen that seamlessly extend to the covered loggia with automatic hidden screens. Fashioned with the finest modern luxury Italian designs, this spectacular chef's kitchen features Caesar stone and quartzite counters, a gas oven and stove, Miele appliances, and custom cabinets. Equipped for hosting, the chef's kitchen offers an elongated island with bar seating. A powder bath, walk-in pantry, and laundry room are adjacent to the kitchen. An impressive clubroom that provides access to the patio can be found to the left of the foyer. Continuing along the window wall estate, the primary suite exudes elegance and relaxation with poolside views featuring boutique-style dual walk-in closets, dual vanities, and a separate spa-like tub and shower. A private lanai and secluded outdoor garden shower complete the spacious suite.
Second Floor:
Ascending from the free-floating stairs with a glass-enclosed railing is an expansive upstairs family area showcasing serene poolside views. Perfect for family or guests, four additional bedrooms suites can be found on the second floor, two with balconies and two with glass wall windows that open as well as a second utility room.
Buyer pays title insurance, Florida documentary stamps, and all other closing costs.
DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Information published or otherwise provided by seller, listing company or its representatives is deemed reliable but are not guaranteed and subject to errors, omissions, or changes without notice. Copyright 2024 by the listing company. All Rights Reserved.
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| Aug 7, 2019 | Sold | ||
| Sold | |||
| Mar 21, 2018 | Listed by Premier Estate Properties Inc | $5,495,000 | |
| Listed by Premier Estate Properties Inc | |||
| | |||
|
''New'' Modern Maison in Old Boca Raton's ''Estate Section'' on prestigious Cocoanut Road by Signature Builder Group and famed architect George Brewer. Striking architectural statement encased in glass sited on a sprawling 150 x 150 parcel within a short stroll to the Boca Raton Resort and pristine beaches. Shown by appointment only. The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed, please do not consider this a solicitation. In the event a Buyer defaults, no commission will be paid to either Broker on the Deposits retained by the Seller. "No Commissions Paid until Title Passes." Copyright 2018 Listing Company. All Rights Reserved.
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| Jul 18, 2017 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017