236 Locha Drive
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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%.
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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 |
|---|---|---|---|
| Jul 23, 2024 | Sold | ||
| Sold | |||
| May 2, 2024 | Listed by One Sotheby's International Re | $10,750,000 | |
| Listed by One Sotheby's International Re | |||
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Presenting an unparalleled waterfront residence on a spectacular .8 acre lakefront lot within the prestigious Loxahatchee Golf Club. This sprawling 6,355 square foot single-story estate has been masterfully rebuilt in 2020, offering a total of 9,150 square feet of luxurious living space designed for those who appreciate the finer things in life.
This exquisite home boasts an open floor plan that seamlessly blends indoor and outdoor living. The heart of this estate is a chef's dream, an oversized kitchen equipped with high-end gourmet appliances, perfect for culinary exploration. The adjoining wine room can house over 450 bottles, ensuring every occasion is well catered for.
SEE MORE Accommodations include two master suites and three generously sized bedrooms as well as 6.5 lavish bathrooms. The home also features a his and her office, providing ample space for professional activities and creative endeavors. The custom wood beam detail in the family room ceiling is a testament to the unique architectural design that spans throughout the residence.
Step outside to the breathtaking outdoor living area, complete with a living space, a cozy fireplace, and a fully equipped outdoor kitchen. The amazing pool, spa, and fire pit overlook the tranquil waters, making it an ideal setting for entertaining and relaxation.
Situated on the most desirable lot in The Loxahatchee Club, the property offers long and wide views of the pristine lake, making it one of the most incredible estate homes ever to be sold in this community.
This home not only promises a serene and luxurious lifestyle but also an investment in exquisite craftsmanship and architectural finesse. Make 236 Locha Drive your new sanctuary, where every detail is a stroke of genius and every day is a glimpse of paradise.
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| Nov 21, 2018 | Sold | ||
| Sold | |||
| Sep 21, 2018 | Listed by Nicklaus Vance | $3,490,000 | |
| Listed by Nicklaus Vance | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017