2391 Areca Palm Road
About This Property
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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.
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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 |
|---|---|---|---|
| Jun 26, 2026 | Sold | ||
| Sold | |||
| Jun 12, 2026 | Listed by Signature One Luxury Estates LLC | $8,495,000 | |
| Listed by Signature One Luxury Estates LLC | |||
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2391 Areca Palm Rd. Modern Estate located in the world-renowned Royal Palm Yacht & CC, Architect, Elmar Benavente at BE Design, Built by Albanese & Sons Group. Turnkey by Zelman Style Interiors. This Estate features 5 BR,6.1 BA's, 8,090 Ttl Sq. Ft. Impact Windows, Custom Kitchen w/top of the line Miele Appl's, Quartzite Counter-tops -double thick edge, Custom Cabinets, Carrara European imported porcelain 48 x 48 Tile, Family Room, Outdoor Loggia w/ Entmt area. 2 Story Great RM w/Fplc Formal Dining RM, Wine Closet, 1 En-suite BR w/ Walk-In Closet, Custom Lacquer Bar w/ Quartz in club, Laundry Room,3 Car+ Golf Cart Gar. 2nd Floor Extra Lrg. Master Suite w/ double Closets & Over sized BR w/Claw Tub, 3 En-Suite BD w/ balconies, Family Rm & Elevator. First Floor Features: Carrara European imported porcelain 48 x 48 Tile, Custom Made State-of-the-Art Kitchen with Lacquered finish cabinetry, Quartz countertops, Miele fully inter-graded appliances, Miele 48" Hood, Miele Coffee Barista, walk-in pantry. Formal Dining Room with floating built-in server, Custom built fireplace with 10x4 imported slabs from floor to ceiling along with imported wood paneling, 2 story Great Room, Playroom/Great Room En-Suite with Walk-In Closet, Walk-In Wine Room, and Bar Area, En-Suite Bedroom with Walk-In Closet, oversize Laundry Room with Electrolux washer & dryer, Elevator, Central Vacuum Second Floor Features: Floating Staircase surrounded by Frameless Glass, Second Family Room/Great Room with custom made Lacquer Bar with Quartz counter-top, ice-maker & Refrigerator, Striking Master Suite with His & Hers Bathrooms & Walk-In Closets & fireplace, 3 En-suite Bedrooms with Walk-In Closets and Balconies. Outside Features: 3 Car+ Golf Cart Garage, Frame-less Glass railings on all Balconies, Summer Kitchen with Built in BBQ area, Veranda with Imported porcelain tile, Resort Style Pool & Spa with wet sunning deck. Additional Features: Best Location In Boca Raton, Royal Palm yacht and Country Club! New Construction,24-Hour Security, Steps from The Boca Raton Resort, Walking Distance to the Beach, One of the Most Luxurious & Exclusive Communities in Boca Raton, Furnished Within 30 minutes from Ft. Lauderdale & West Palm Beach airports. Some photographs were taken during a prior marketing campaign and may not reflect the property's current furnishings, decor, or staging.
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| Jul 2, 2025 | Price Decreased |
$9,495,000
↓ $455K
(4.6%) | |
| Price Decreased | |||
| Mar 26, 2025 | Price Decreased |
$9,950,000
↓ $300K
(2.9%) | |
| Price Decreased | |||
| Jan 12, 2025 | Price Decreased |
$10,250,000
↓ $499K
(4.6%) | |
| Price Decreased | |||
Property Highlights
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About Royal Palm Yacht and Country Club
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$9,900 /mo
- 3 Beds
- 2 Baths
- 1,980 ft²
$6,000 /mo
- 2 Beds
- 2 Baths
- 1,050 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017