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275 NE Olive Way
About This Property
Fresh exterior and interior paint accentuate a light and bright home. The galley kitchen offers a wonderful view of the screened-in heated saltwater pool surrounded by 400 square feet of patio in a private backyard with multiple fruit trees. The large walk-in pantry provides ample storage space. The living and dining room areas combine for great entertainment space and is open to the patio through sliding glass doors. Impact French doors from the main bedroom open to the outside as well.
The family room is easily converted into a third bedroom with a retractable enclosure.
Two bedrooms with refinished Terrazzo floors each have walk-in closets. The two bathrooms have been completely remodeled, one with a soaking tub, and the second one with a large shower.
Extras include a water softener system for the entire house, a new electrical panel with a built-in surge protector, a rain sensor for the automatic sprinkler system, and wiring for an electric car.
Easy to show; call today to view this slice of paradise.
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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 |
|---|---|---|---|
| Apr 13, 2023 | Sold | ||
| Sold | |||
| Jan 23, 2023 | Listed by Boca Expert Realty LLC | $1,675,000 | |
| Listed by Boca Expert Realty LLC | |||
| May 5, 2017 | Sold | ||
| Sold | |||
| Sep 15, 2016 | Listed by Douglas Elliman | $795,000 | |
| Listed by Douglas Elliman | |||
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Boca Raton Riviera is one of Boca Raton’s most prestigious beach-area enclaves comprised of single-family homes conveniently nestled between the Atlantic Ocean and the Intracoastal Waterway. This meticulously maintained home boasts strong construction and lush tropical landscaping. Extras include upgraded galley-style kitchen with stainless steel appliances and gorgeous granite counters. The family/breakfast room is open from the kitchen. Two bedrooms -- each with baths -- have walk-in closets.The great room combines both living and dining space and opens to a large covered patio. New roof in 2009 and new a/c in 2012. Front-load, large capacity washer/dryer. Many more extras. Must see!
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| Jul 14, 1994 | Sold | ||
| Sold | |||
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About Boca Raton Riviera
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017