2801 N Ocean Boulevard
About This Property
Enter this enchanting home through double wrought iron gates and open the solid oversized wooden doors into a light and bright rotunda and take in your first glimpse of sweeping ocean views.
The home features breathtaking design and architectural details. In the living room Palladium windows illuminate the beautiful trompe l'oeil, vaulted Pecky Cypress ceiling complemented by a Cuban tile and a grand stone mantel plus four additional fireplaces in the home. With a classically designed library, a traditional Florida room and a beachside family room, there is plenty space for friends and family to enjoy.
Take a stroll down the beautiful brick and tree lined walkway into the courtyard which features a mission style steeple with bell, a luxurious pool with a spill over water feature, a private spa, and a patio with a newly renovated summer kitchen with gas grill.
Retire to your ocean front patio overlooking your private white sand beach and relax to the sound of the waves crashing in your own backyard.
This property, through its inviting and magical charm, provides ample space to plan everything from intimate gatherings to dinner dances for dozens while at the same time offering a calm respite from the hustle and bustle of everyday life.
Conveniently located just north of Delray Beach's vibrant Atlantic Avenue and a 25 minute drive on beautiful A1A to Palm Beach's famed Worth Avenue. Three international airports are easily accessible.
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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 5, 2019 | Sold | ||
| Sold | |||
| Nov 5, 2018 | Listed by William Raveis South Florida | $9,450,000 | |
| Listed by William Raveis South Florida | |||
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About Gulfstream Golf Course
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017