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1400 Cocoanut Road
About This Property
New Alys Beach/West Indies-inspired estate sited in the prestigious '' Estates Section'' of Old Boca Raton. A drive-up auto plaza greets guests to this chic and sophisticated AD worthy residence that leads to an impressive foyer with open free-flowing design and window walls from the expansive great room, gourmet island kitchen and club room with pub. Graceful staircase leads to the second level with Luxe primary suite featuring a spa-like bath, expansive walk-in closet, balcony and four additional bedrooms suites with family loft. Outdoor entertaining is enjoyed at the full-length lanai with summer kitchen & cabana boasting a private Hampton-style pool. Separate office, elevator, two utility rooms and two 2-bay garages. Buyer pays title insurance, Florida documentary stamps, and all other closing costs. Taxes are based on vacant land only and subject to change.
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. "No payments made until title passes" 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 2026 by the listing company. All Rights Reserved.
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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 |
|---|---|---|---|
| Oct 6, 2026 | Sold | ||
| Sold | |||
| Mar 6, 2026 | In contract | - | |
| In contract | |||
| Dec 10, 2025 | Price Increased |
$8,950,000
↑ $100K
(1.1%) | |
| Price Increased | |||
| Dec 24, 2024 | Price Increased |
$8,850,000
↑ $500K
(6%) | |
| Price Increased | |||
| Dec 11, 2023 | Listed by Premier Estate Properties Inc | $8,350,000 | |
| Listed by Premier Estate Properties Inc | |||
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About Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017