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23357 Lago Mar Circle
About This Property
The primary main suite is a true retreat with a walk-in closet and a spa-like bathroom featuring a soaking tub, walk-in shower, and dual vanities. Step outside to your fully screened pool area complete with expansive Spanish-style decking, outside kitchen, a covered lanai, and plenty of room to relax or host guests. Enjoy peace of mind with a combination of impact glass, accordion shutters, and Storm Smart electric roll-down protection around the pool area. The solar-powered water heater adds eco-efficiency to the home. Located near top-rated public and private schools, world-class dining, shopping, golf, and Boca's beautiful beaches, this home truly offers the best of both privacy and convenience.
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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 |
|---|---|---|---|
| Aug 28, 2025 | Sold | ||
| Sold | |||
| Jul 19, 2025 | In contract | - | |
| In contract | |||
| Jul 8, 2025 | Listed by Clear Ocean Intl Realty | $999,000 | |
| Listed by Clear Ocean Intl Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017