2455 S Ocean Boulevard
About This Property
Please Note: the Contract Sale Price was $45,000,000 including all Furnishings and Personal Property valued at $5,000,000. However, the Sale Price was recorded in PAPA at $40,000,000 for the Real Estate. The Buyer paid Title Insurance, Documentary Stamps and Commissions which were in addition to the $45,000,000 Furnished Sale Price. Exceptional planning and craftsmanship are evident in every detail resulting in a home artfully blending form & function for grand scale entertaining and intimate family living. This Grand Chateau boasts over 150 feet of dazzling beachfront on nearly 2 acres in the coveted Estate Section of Byrd Beach, minutes from famed Delray Beach's Atlantic Ave and adjacent to Boca Raton. Spectacular seascapes dominate 23,625+/- total square feet including 8 bedrooms, 10 full and 3 half baths. Featuring a dramatic 2-story foyer and living room, formal dining, club room/billiards & bar, epicurean's kitchen with butler's pantry, breakfast and family room, all of which open to breezy loggias, patios, pool, spa and cabana just steps from your private beach.
First level Master Suite soothes the soul and fills the entire south wing. Similar 2nd level guest suites have sitting rooms, multiple balconies and lavish baths, all with ocean views. Luxurious touches include a 2-story library den, wine room, stone fireplaces, gym, housekeeping/guest house, caretaker's guest cottage, 6 car bays plus covered parking, high-tech theater, smart house electronics, elevator and a whole-house generator. Walled and gated, notable architectural features include a multi-gabled Vermont & Spanish slate roof, European mahogany impact-glass windows/doors, coquina stone and authentic cobblestone drive and fountained motor court. A truly extraordinary offering...breathtakingly beautiful.
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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 |
|---|---|---|---|
| Jan 31, 2024 | No longer available | - | |
| No longer available | |||
| Jul 24, 2023 | Listed by Coldwell Banker | $59,900,000 | |
| Listed by Coldwell Banker | |||
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Sited on Highland Beach's largest oceanfront lot, this rarely available estate designed by Madey Architects is one of most prestigious homes in Palm Beach County. Featuring modern French-Eclectic architecture, transitional interiors, and fortress-like construction by Mark Timothy Luxury Homes. This trophy property, currently undergoing aesthetic enhancements, delivers over 150 feet of private manicured beachfront on nearly 2 acres in the ''Estate Section'' of Byrd Beach, minutes away from Atlantic Avenue and Boca Raton. Intricate details are evident throughout the home creatively blending an atmosphere of grand-scale entertaining and comfortable beach living. The manager has listed the unit size as 17602 square feet.
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| Jun 23, 2023 | No longer available | - | |
| No longer available | |||
| Dec 30, 2022 | Price Decreased |
$59,900,000
↓ $5M
(7.9%) | |
| Price Decreased | |||
| Oct 6, 2022 | Listed by Coldwell Banker | $65,000,000 | |
| Listed by Coldwell Banker | |||
| | |||
|
Sited on Highland Beach's largest oceanfront lot, this rarely available estate designed by Madey Architects is one of most prestigious homes in Palm Beach County. Featuring modern French-Eclectic architecture, transitional interiors by Marc-Michaels, and fortress-like construction by Mark Timothy Luxury Homes.This trophy property delivers over 150 feet of private manicured beachfront on nearly 2 acres in the ''Estate Section'' of Byrd Beach, minutes away from Atlantic Avenue and Boca Raton. Intricate details are evident throughout the home creatively blending an atmosphere of grand scale entertaining and comfortable beach living. The manager has listed the unit size as 17602 square feet.
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About Byrd Beach North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017