3715 S Ocean Boulevard
About This Property
Built 17 feet above sea level, the four-floor marvel, encompassing more than 11,300 square feet of interior spaces alone, boasts seven bedrooms and nine baths. A thoughtful architectural touch-the brise-soleil effect that reduces heat absorption by deflecting sunlight-sets the tone for the innovative details and contemporary sophistication that elevates the indoor design.
Floor-to-ceiling windows frame views of the Atlantic Ocean in each of the living spaces, adding unencumbered comfort to the chic, open layout. Interior highlights include a living greenery wall; a designer kitchen and separate catering kitchen; a nearly 1,200-bottle wine wall; lava stone walls and floors; a theater/screening room; and a third-level master wing with a sitting room, a bath that recalls a luxury spa, an epic closet, a separate exercise room, and an office/study overlooking the Atlantic.
The second-story outdoor setting, a paradise unto itself, boasts a summer kitchen and grilling station, as well as an infinity-edge pool, whirlpool bath, and lounge area. Better yet, the sprawling property fronts more than 120 feet of pristine, private beachfront and a mammoth 3,000 square feet sky deck for entertaining large groups.
Experience breathtaking oceanfront tranquility.
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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 |
|---|---|---|---|
| Oct 13, 2021 | Sold | ||
| Sold | |||
| Jul 27, 2021 | Listed by Douglas Elliman | $32,000,000 | |
| Listed by Douglas Elliman | |||
| Mar 10, 2021 | Sold | ||
| Sold | |||
| Dec 15, 2020 | Listed by Douglas Elliman | $24,500,000 | |
| Listed by Douglas Elliman | |||
| Jul 9, 2020 | No longer available | - | |
| No longer available | |||
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About Highland Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017