41
Map
255 NE 3rd Street
About This Property
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 21, 2026 | Listed by Tangent Realty Corp | $5,790,000 | |
| Listed by Tangent Realty Corp | |||
| Jun 26, 2026 | Listed by Tangent Realty Corp | $2,595,000 | |
| Listed by Tangent Realty Corp | |||
| |||
|
Rare opportunities like this don't come around often. Perfectly positioned in the heart of Downtown Boca Raton, this exceptional 80' x 108' homesite offers the ideal canvas to create a one-of-a-kind luxury residence in one of South Florida's most sought-after neighborhoods. Whether you're an end user dreaming of building your forever home, an investor seeking a premier development opportunity, or a builder looking for your next standout project, this property checks every box. Just a short stroll from the energy and excitement of Mizner Park, you'll enjoy world-class restaurants, boutique shopping, luxury entertainment, art galleries, and year-round events, all while being tucked away on a quiet residential street. Located only three blocks from Palmetto Park Road, you'll have effortless access to downtown Boca's best attractions without the noise or traffic of a main thoroughfare. The possibilities are extraordinary. Build a spectacular custom estate of 6,000+ square feet spanning up to three stories, complete with expansive outdoor living spaces, resort-style pool, rooftop terrace, guest suite, home theater, wine room, gym, or whatever your vision inspires. To make the process even easier, build-ready architectural plans are available, allowing you to fast-track construction, or choose from custom build-to-suit options tailored to your exact lifestyle. A fixed-price construction contract is also available, providing cost certainty and a streamlined path from concept to completion. With downtown Boca Raton continuing to experience tremendous growth and demand, this is more than just a vacant lot—it's an opportunity to create something truly exceptional in one of the city's most prestigious and walkable locations. Bring your architect, bring your builder, or let us introduce you to a team that can make your dream home a reality. Opportunities like this are increasingly rare—secure your place in the heart of Downtown Boca Raton today.
| |||
| Sep 7, 2022 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Boca Villas
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$9,900 /mo
- 3 Beds
- 2 Baths
- 1,980 ft²
$7,000 /mo
- 2 Beds
- 2 Baths
- 1,707 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017