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21383 Falls Ridge Way
About This Property
Residents enjoy Boca Falls' resort amenities: renovated clubhouse, Olympic-size pool, fitness center, playground, tennis, pickleball, and basketball all in a 24-hour manned, gated community with cable and WiFi included. Minutes to A-rated schools, parks, golf, shopping, and dining.
This rare estate combines lakefront views, a premier cul-de-sac lot, spacious design, and outstanding potential to create the Boca retreat you've always imagined. This property is truly majestic!
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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 |
|---|---|---|---|
| Mar 19, 2026 | Sold | ||
| Sold | |||
| Mar 5, 2026 | In contract | - | |
| In contract | |||
| Feb 24, 2026 | Price Increased |
$2,200,000
↑ $250K
(12.8%) | |
| Price Increased | |||
| Nov 28, 2025 | Price Decreased |
$1,950,000
↓ $250K
(11.4%) | |
| Price Decreased | |||
| Oct 9, 2025 | Listed by The Keyes Company | $2,200,000 | |
| Listed by The Keyes Company | |||
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About Boca Falls
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017