22
Map
18 E Ocean Avenue
About This Property
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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 |
|---|---|---|---|
| Jul 9, 2026 | Listed by Douglas Elliman | $7,750,000 | |
| Listed by Douglas Elliman | |||
| Apr 5, 2024 | Sold | ||
| Sold | |||
| May 15, 2023 | Listed by Serhant | $5,790,000 | |
| Listed by Serhant | |||
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We invite you to experience 18 Ocean, the last available estate at The Reserve in Ocean Ridge. This stunning new construction draws inspiration from world class resorts and contemporary architecture to deliver an exquisite 5 bedroom, 7 bathroom home with soaring ceilings, floor to ceiling impact glass and so much more.
Crafted for only the most discerning clients, this home is a quick jaunt to famed Palm Beach Island and just moments to lively Atlantic Avenue in Delray. Situated on the barrier island, Ocean Ridge is flanked in white sand beaches, and has no commercial or condo buildings. This estate begets privacy and exclusivity. Featuring nearly 5,200 square feet under air, this home offers an intentionally designed open floor plan beckoning you into the grand foyer, the great room with a full wet bar, and onto an impressive chef's kitchen. Continuing through the breakfast area and family room, you are drawn toward the resort style backyard offering an oversized covered loggia complete with a custom pool and spa, summer kitchen, gas fireplace and a cabana bath. The first level of the estate provides an expansive and private Owner's wing on the east side of the home which is complimented by his & hers walk-in closets and dazzling master bath. Four impeccable guest retreats are featured on the second level, including a VIP Master Suite with an oversized balcony.
Perfection takes time, estimated completion Q1 2024. Don't miss out on the only new construction home for sale in Ocean Ridge.
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| Mar 23, 2021 | Sold | ||
| Sold | |||
| Aug 12, 1993 | Sold | ||
| Sold | |||
Property Highlights
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About Boynton Beach Park
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$3,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017