2498 Spanish River Road
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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 |
|---|---|---|---|
| Mar 15, 2019 | Sold | ||
| Sold | |||
| Nov 5, 2018 | Listed by Signature One Luxury Estates LLC | $2,244,900 | |
| Listed by Signature One Luxury Estates LLC | |||
| | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 19, 2018 | Listed by Castles By The Beach, Inc. | $1,999,999 | |
| Listed by Castles By The Beach, Inc. | |||
| Jul 30, 2017 | Listed | $2,150,000 | |
| Listed | |||
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Words can't describe this one story, corner gated Estate on prestigious Spanish River Road. Custom home rebuilt to perfection in 2005 with fabulous open floor plan, Extended formal dining room, stunning foyer, island kitchen with stainless steel Miele and Sub Zero Appliances, 12 to 14' ceilings and marble throughout. Oversized bedrooms each with their own private full bath. Tremendous Master bedroom with fireplace, custom plantation blinds looking on to pool, his/hers walk-in closets separate Library area off the master bedroom. Front circular driveway with electrical powered security gate as well as a side driveway with a 3 car air conditioned garageThe manager has listed the unit size as 4552 square feet.
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About Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017