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261 NW 8th Street
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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 |
|---|---|---|---|
| Sep 8, 2026 | In contract | - | |
| In contract | |||
| Jul 15, 2026 | Listed by Tangent Realty Corp | $3,500,000 | |
| Listed by Tangent Realty Corp | |||
| Apr 1, 2024 | Sold | ||
| Sold | |||
| Feb 23, 2024 | Listed by One Sotheby's International Realty | $900,000 | |
| Listed by One Sotheby's International Realty | |||
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Discover the epitome of comfort and convenience at 261 NW 8th Street, a captivating 3-bedroom, 2-bath residence nestled in the heart of East Boca. Boasting an enviable location, this home offers a lifestyle of unparalleled ease with a plethora of amenities just steps away. Immerse yourself in the vibrant energy of the area, as Mizner Park, the downtown library, and the Brightline station are all within convenient walking distance. This central positioning not only provides entertainment and cultural attractions at your fingertips but also ensures a seamless commute for those embracing urban living. For beach enthusiasts, the sun-kissed shores are less than a mile away, creating an idyllic retreat for relaxation and recreation. The proximity to the beach adds an undeniable allure to this property, making it a haven for those seeking the coastal lifestyle. Designed with families in mind, 261 NW 8th Street offers a welcoming and spacious interior, providing the perfect backdrop for creating lasting memories. The well-appointed 3 bedrooms and 2 baths offer both functionality and style, catering to the diverse needs of modern family life. As downtown Boca continues to flourish and evolve, this residence stands as a testament to the growth and potential of the area. With top-rated A schools in close proximity, the educational opportunities for families are exceptional, adding another layer of appeal to this already remarkable property. 261 NW 8th Street presents not just a home but a lifestyle. An amazing location, family-friendly amenities, and the burgeoning downtown scene make this residence a unique and enticing opportunity for those seeking a perfect blend of comfort and convenience in East Boca. Welcome home to a place where every detail reflects the charm and vibrancy of the surrounding community.
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About Boca Raton Hills
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017