2298 Park Place
About This Property
Paradise Palms is located in Central Boca Raton near the newly developing area of "Midtown Boca" offering a vibrant and upscale lifestyle blending luxury and convenience nestled in a serene residential setting while being only a stone's throw away from the excitement of urban living. Located minutes from Town Center Mall, Boca Center, Mizner Park, the new Restaurant Row, a variety of casual and fine dining restaurants, major area retail, A-RATED public schools & renowned private schools as well as local universities, community parks, golf courses, gorgeous beaches (less than 5 miles away), popular nightlife hotspots, family entertainment and major highways including I-95 and the FL Turnpike making any commute a breeze. Also located a short drive away from Fort Lauderdale-Hollywood International Airport, Palm Beach International Airport and the new high-speed Brightline train with service between Miami and Orlando. This home is more than just a place to liveit's a blank canvas to create your dream home, desired lifestyle or investment opportunity in one of Boca Raton's best communities. This is the one you have been waiting for - - schedule a showing today!
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 20, 2024 | Sold | ||
| Sold | |||
| Aug 17, 2024 | Listed by EXP Realty LLC | $650,000 | |
| Listed by EXP Realty LLC | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017