3515 S Ocean Boulevard
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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 1, 2022 | Sold | ||
| Sold | |||
| Jul 28, 2022 | Listed by William Raveis Palm Beach LLC | $9,550,000 | |
| Listed by William Raveis Palm Beach LLC | |||
| Sep 6, 2018 | No longer available | - | |
| No longer available | |||
| Jun 19, 2018 | Listed | $7,750,000 | |
| Listed | |||
| | |||
|
Direct gated ocean front modern contemporary masterpiece in prestigious Highland Beach. Resort style pool and spa with state of the art movie theater, 6 bedrooms, 6.5 baths, 6 car garage, 7,459 Total Square Feet, all hurricane impact glass, fourth floor sundeck, incredible gourmet kitchen, elevator and 5 NEW Trane Air Conditioning Units with telephone monitoring. Absolute show place!!! The manager has listed the unit size as 5508 square feet.
| |||
| Apr 4, 2011 | Sold | ||
| Sold | |||
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About Highland Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017