2475 S Ocean Boulevard
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 |
|---|---|---|---|
| Apr 10, 2019 | Sold | ||
| Sold | |||
| Dec 15, 2018 | No longer available | - | |
| No longer available | |||
| Dec 11, 2018 | Listed by Douglas Elliman | $8,950,000 | |
| Listed by Douglas Elliman | |||
| Jun 11, 2016 | Listed by Douglas Elliman | $8,950,000 | |
| Listed by Douglas Elliman | |||
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Exceptional Value! +/- 1 acre oceanfront site, located in Highland Beach's desirable Byrd Beach Estate Section. 100' x 413' (+/-) lot, with high elevation and commanding views of the Atlantic Ocean. Huge building envelope. Bring your builder and architect and create an oceanfront masterpiece. This is one of the last, Trophy Properties available in Palm Beach County and represents a rare opportunity for a developer, or end user. Perfect site for $25M+ Estate. Property has existing 5/4.1 home (new roof 2005), with large pool and cabana. Home is currently rented, until 7/31/19. The manager has listed the unit size as 4206 square feet.
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| Apr 20, 2005 | Sold | ||
| Sold | |||
Property Highlights
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About Byrd Beach North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017