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2498 Queen Palm Road
About This Property
Upstairs, the primary retreat captures the essence of private luxury living, with dual spa-inspired bathrooms, dual custom walk-in closets, an additional wet bar, motorized drapes, built in cabinetry, and an attached office that enjoys gentle natural light throughout the day. Five additional ensuite bedrooms and a second laundry room provide comfort and privacy for family and guests. Several upper-level balconies, along with an expansive open terrace, offer places to savor the beauty of South Florida's climate from sunrise to sunset.
The outdoor living experience is a true sanctuary. A resort-style pool and spa are framed by lush landscaping and dramatic landscape lighting that transform the property into a serene evening oasis. The loggia, designed for alfresco dining and lounging, features a summer kitchen with BBQ, a cabana bathroom with shower, and a fireplace, creating an ideal setting for gatherings from casual weekend brunches to twilight dinners for ten beneath the gentle coastal breeze.
Technologically sophisticated and move-in ready, the residence includes a Control4 A/V controller, smart lighting, and motorized shades throughout. The four-car air-conditioned garage provides additional comfort and practicality. With furniture, decor, designer wallpaper, window treatments, custom closets, and every detail thoughtfully curated, this estate requires nothing more than your suitcase. Located just minutes from The Boca Raton, pristine beaches, and the city's finest dining and shopping, 2498 Queen Palm Drive represents a rare opportunity to live beautifully in one of Boca Raton's most sought-after communities.
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What does this mean?
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%.
How much can I actually make?
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 |
|---|---|---|---|
| Feb 17, 2026 | Sold | ||
| Sold | |||
| Jan 22, 2026 | In contract | - | |
| In contract | |||
| Dec 9, 2025 | Listed by Douglas Elliman | $12,495,000 | |
| Listed by Douglas Elliman | |||
| Aug 28, 2025 | Relisted | $12,495,000 | |
| Relisted | |||
| Aug 7, 2025 | In contract | - | |
| In contract | |||
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About Royal Palm Yacht and Country Club
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017