93
Map
2281 NW 39th Drive
About This Property
No expense has been spared, from lush landscaping with custom lighting to an upgraded circular travertine driveway and an outdoor living area designed for entertaining. The tiki hut includes a full Paradise grill bar, pizza oven, outdoor TV, Sonos system, and furniture, all conveying with the sale. In addition, the heated saltwater pool shines with 2023 Diamond Brite finish, new turf area, and new fencing.
Inside, soaring vaulted ceilings and open-concept living welcome you. The addition of a gas fireplace, flexible bonus space, a spacious dining room, and a chef's kitchen with natural gas, GE/GE Cafe appliances, beverage fridge, walk-in pantry, and oversized island with seating make this home as functional as it is stylish.
An addition created a new wing of the home, featuring a large bedroom with a full en-suite bathideal for guests or multigenerational living. The main primary suite offers two closets, dual vanities, a glass-enclosed shower, and a soaking tub. Additional highlights include hardwood and tile flooring throughout, renovated bathrooms, home automation lighting, dual-zone AC, updated electrical panel, epoxy garage flooring, and a tankless gas water heater.
This Millpond residence combines modern updates, timeless design, and resort-style amenitiesoffering a rare opportunity in one of Boca Raton's most sought-after neighborhoods. Conveniently located near top-rated schools, shopping, dining, and major roadways.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017