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Palm Beach Boca Isles South
20131 Ocean Key Drive
$590,000
● House - Off Market

20131 Ocean Key Drive

Boca Raton, FL 33498
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,660 Ft²
$957,506
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

Roof was redone a little over a year ago. AC is 5 years old. Newer water heater, full set of hurricane shutters, bathrooms redone, updated laundry room, built in bookcase, California closet in master closet & daughter's bedroom. Pool was redone 2 years ago along with heater & filter.
Unit Size
2,660 Ft²
Days on Market
41 days
Land Size
0.20 acres
Price per sqft
$225
Property Type
House
Property Taxes
$529
HOA Dues
$325
Year Built
1995

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 5 months ago (Beaches MLS #R10344030)

Price History

Date / Event Date Event Price
Aug 2, 2017 Sold
Premium
Sold
Jun 20, 2017 Listed by RE/MAX Services $599,000
Listed by RE/MAX Services
Jun 28, 2007 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 8,830
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,500
  • Gross Building Area: 3,500
  • Building Area: 2,660
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,660
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BOCA ISLES SOUTH PH 5F
  • Land Acres: 0000000203
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: BOCA ISLES SOUTH PH 5F LT 20 BLK 9

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 007730

Zoning

  • Zoning: RTS

Geography

  • Assessors Map Reference: 391
  • Subdivision Phase Number: 20
  • Parcel: 00-41-47-13-23-009-0200
  • Block: 9
  • Lot: 20
  • Meridian: SEC 13 TWN 47S RNG 41E
  • Municipality: UNINCORPORATED
  • Latitude: 26.3754
  • Longitude: -80.2179

    Address

  • Full Address: 20131 Ocean Key Dr
  • Address - House Number: 20131
  • Address - Street Name: Ocean Key
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Boca Raton
  • Carrier Code: C055
  • 4-Digit Zip Code: 4530
  • Zip Code: 33498

Valuation

    Tax

  • Total Area: 2,971
  • Tax Year: 2022
  • Tax Amount: $758,447
  • Tax Rate Code Area: 355

    Appraisal Valuation

  • Standard Deviation: 0.2062
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 72
  • Final Value: 1,049,217
  • High Value: 1,265,645
  • Low Value: 832,789

    Market Valuation

  • Market Total Value: $662,984
  • Market Land Value: $258,851
  • Market Improvement Value: $404,133

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $465,367

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 31, 2017
  • Current Sale Recording Date: Aug 02, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20170278065
  • Previous Sale Recording Date: Jun 28, 2007
  • Previous Sale Contract Date: Jun 15, 2007
  • Previous Sale Amount: $608,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Boca Isles South

Stats & Trends

Median Asking:

$1,036,950

Sale Price/ft²

$389

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2706 ft²

Average Home Age

30.6 years

Currently For Sale

5 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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BEACHES

Listed by: David I Serle
RE/MAX Services
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10344030
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

Frequently Asked Questions

When was property at 20131 Ocean Key Drive built and last sold?
The property at 20131 Ocean Key Drive was built in 1995 and last sold on Jul 31, 2017 for $590,000.
How much is this home worth?
The estimated value of the home located at 20131 Ocean Key Drive is $0.
What are some comparable homes to 20131 Ocean Key Drive?
There are currently no comparable homes to 20131 Ocean Key Drive.
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