2402 Seacrest Boulevard
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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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When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2023 | Sold | ||
| Sold | |||
| Apr 16, 2023 | Listed by Realty ONE Group Innovation | $1,690,000 | |
| Listed by Realty ONE Group Innovation | |||
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Incredible Redevelopment Opportunity! Two prime lots -minutes to downtown Delray & the beach! Located in the Lake Ida neighborhood. Total of .44 acres. /approx. 20,000sq.ft. The City of Delray Beach already approved dividing the lot & approved the building plans to construct two separate residential homes. (*See ATTACHED DOCUMENTS). FLU= LDR., Zoned R-1-AA, LOT #3 (corner lot) has 2 concrete structures & a pool. LOT #2 (Middle lot -facing Seacrest) is 9,300SF of Vacant Land. Total 160ft frontage X 120 ft. deep. Building plans are available along with architectural renderings, approval to build, re-addressing, elevation & survey ALL found in DOCUMENTS section of this listing. *** SEE RECENT APPRAISAL REPORT IN DOCUMENTS SECTION OF THIS LISTING. *Note: Cottage sits on the set back between the 2 Lots -Demo Permit Approved by city to demo the cottage and create 2 NEW lots/residence. Each parcel would be approx. 9,600SF+/-. w/ 80+/- feet of frontage X 120ft. in depth.
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| Nov 25, 2022 | Listed by RJM Real Estate Corp. | $1,699,000 | |
| Listed by RJM Real Estate Corp. | |||
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Major opportunity for redevelopment! This .44-acre estate is a builder's dream! Massive lot & pool home located in Delray's most sought-after neighborhood of Lake Ida. One of the few remaining buildable lots left in this neighborhood. Expand the two current concrete structures, tear it down and build one massive dream home, or continue with the current architectural plans to divide the lots and build two separate spec homes. This elevated tri-level home with separate cottage offers 5 bedrooms, plus bonus room, 3 bathrooms, lg. windows for abundant natural light, a elongated pool, oversized 2 car garage, private front yard, a raised deck to the south plus additional 9,200+SF vacant lot. SEE APPRAISER REPORT IN DOCUMENTS SECTION OF THE LISTING.
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| Oct 21, 2022 | Listed by Nextera Realty | $1,699,000 | |
| Listed by Nextera Realty | |||
| Aug 17, 2021 | Sold | ||
| Sold | |||
Property Highlights
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About Lake Heights
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Nextera Realty
Last Updated: 4 months ago
Data Source: Beaches MLS, MLS# R10723958
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Address: 335 Madison Avenue, New York, NY 10017