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17052 Rainbow Falls Trail
About This Property
Experience turnkey luxury in Boca Raton's most prestigious community, Lotus by GL Homes, featuring the highly sought-after Maldives model. This exceptional residence offers 7,246 total square feet (5,378 under air) with premium designer upgrades throughout. The gourmet kitchen impresses with Wolf appliances, upgraded cabinetry, and an expansive center island. Italian porcelain tile enhances the first floor, while refined wood flooring elevates the upper level. The spa-inspired primary bath features a soaking tub and frameless glass shower. Showstopping highlights include a glass wall Club Room, glass wine closet, and sleek glass banisters, crafted for elevated living and lasting impressions. Included with the purchase of the home! The state of the $50,000 art media room comes fully equipped with all media equipment and designer furnishings, delivering a private theater experience that will amaze! Electric shades, upgraded lighting, and designer wall treatments complete this must see home. The property features a 400-amp electrical service, and a decorative fireplace. All bathrooms have been upgraded with premium fixtures and countertops, and extended mirrors add a touch of luxury. Outdoor living is highlighted by a saltwater pool measuring 17 by 34 feet, a cabana bath, and tropical landscaping, with a 2-foot garage extension featuring finished floors and a parking lift, as well as widened driveways for enhanced curb appeal and guest parking. This residence sits in one of Boca Raton's most prestigious neighborhoods, known for luxury living, with access to a state-of-the-art 30,000+ square foot clubhouse that offers a resort-style pool, a fitness center, tennis and pickleball courts, a children's splash park, and versatile spaces for gatherings and fitness classes. This home blends luxury finishes, modern comfort, and resort-style living in a premier Boca Raton setting, making it a turnkey showcase ideal for entertaining and everyday living alike.
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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 |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Mar 8, 2026 | In contract | - | |
| In contract | |||
| Feb 22, 2026 | Price Decreased |
$2,795,000
↓ $100K
(3.5%) | |
| Price Decreased | |||
| Jan 16, 2026 | Price Decreased |
$2,895,000
↓ $204K
(6.6%) | |
| Price Decreased | |||
| Jan 2, 2026 | Listed by Serhant | $3,099,000 | |
| Listed by Serhant | |||
Property Highlights
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017