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1401 Banyan Road
About This Property
From the moment you arrive, the grandeur of this estate is evident. Framed by impeccably landscaped grounds featuring towering date palms, calusia hedges, and lush zoysia grass, the home welcomes you into a world of sophistication. Two majestic olive trees, strategically positioned on the north and south sides of the property, create enchanting outdoor courtyardsserene spaces that invite reflection and enhance the estate's allure. This signature feature exemplifies Empire Development's commitment to blending natural beauty with architectural excellence, setting their properties apart as havens of sophistication and thoughtful design.
The interiors of this estate are nothing short of spectacular. The heart of the home is the chef's kitchen, a haven for culinary artistry, equipped with quartzite countertops, a Miele suite of appliancesincluding a natural gas range and an additional full prep kitchen for seamless entertaining.
A stunning bar on the main level serves as the perfect gathering space, seamlessly complementing the home's two-level clubroom, which features a theater on the first level and a secondary space on the second. This exceptional multi-level space, a hallmark of Empire Development, exemplifies their commitment to surpassing industry standards. By designing multi-functional, luxury-driven environments that cater to relaxation, entertainment, and wellness, Empire Development continues to redefine the essence of elevated living.
The living spaces are further elevated by white oak hardwood flooring, lending warmth and sophistication throughout. The expansive primary suite is a private sanctuary, featuring a morning bar, dual custom bathrooms with luxurious steam showers, and his-and-her closets, all opening onto a private balcony for ultimate relaxation.
Designed to meet every lifestyle need, the estate boasts five bedrooms, each with its own ensuite bathroom, six full bathrooms, two half bathrooms, and two dedicated offices. A VIP guest suite offers privacy and luxury for visitors, while the property's in-ground heated saltwater pool and spa create a resort-like atmosphere. A full cabana bathroom and a fully appointed summer kitchen ensure effortless outdoor entertaining.
This home also offers seamless convenience, with laundry rooms on both floors, a full gym, an elevator with self-opening doors, and a 3.5-car garage. The outdoor spaces are a true marvel, with balconies and courtyards harmonizing with the lush landscaping, including olive trees that enhance the tranquil ambiance.
From its modern metal roof to its flawless craftsmanship, every aspect of 1401 Banyan Road reflects an unwavering commitment to excellence. Located moments from Boca Raton's finest dining, shopping, and beaches, this property isn't just a residenceit's a lifestyle statement.
DISCLAIMER: Builder and/or Seller reserve the right to make changes and/or modifications to plans, specifications, features, colors and prices. All plans, renderings, and videos shown are artists' conceptions. The information herein is believed to accurate but not guaranteed and may be subject to errors, omissions and changes without notice. All measurements, dimensions, room sizes and lot sizes are approximate. 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.
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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 |
|---|---|---|---|
| Jan 29, 2025 | In contract | - | |
| In contract | |||
| Jan 27, 2025 | Listed by Douglas Elliman | $12,000,000 | |
| Listed by Douglas Elliman | |||
| Mar 28, 2013 | Sold | ||
| Sold | |||
| Oct 29, 2012 | Listed by Douglas Elliman | $750,000 | |
| Listed by Douglas Elliman | |||
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About Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017