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384 Royal Palm Way
About This Property
The first-floor owner's retreat is a sanctuary of comfort, featuring a recently renovated bathroom and expansive walk-in closets. Culinary excellence is at the heart of the home, with a chef's kitchen that boasts top-of-the-line appliances, custom cabinetry, and dual islands ideal for casual gatherings and formal entertaining.
Step outside to your private resort-inspired backyard, where a new pool and spa take center stage amid lush surroundings. A covered terrace with retractable screens and a built-in BBQ offers the ultimate outdoor living and dining setting. Across a breezeway, a separate guest house awaits, providing an elegant and private retreat for visitors or extended family.
Additional highlights include a spacious six-car garage and a design emphasizing scale and intimacy. This exceptional residence offers unparalleled space, privacy, and timeless luxury, creating the perfect backdrop for your next chapter.
Royal Palm Yacht & Country Club features underground utilities, including natural gas, and 24/7 security. The exclusive community has a desirable location near beaches, fine dining and shopping, and the Boca Raton Resort & Beach Club.
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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 |
|---|---|---|---|
| Mar 28, 2025 | Sold | ||
| Sold | |||
| Feb 6, 2025 | In contract | - | |
| In contract | |||
| Nov 27, 2024 | Listed by Royal Palm Properties LLC | $8,750,000 | |
| Listed by Royal Palm Properties LLC | |||
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Discover luxury and privacy in this exquisite estate, set on a rare double corner lot in the heart of Royal Palm Yacht & Country Club. With over 7,000 square feet of living space, including a separate guest house, this six-bedroom, 7 full and 3 half-bathroom residence offers a harmonious blend of grand design and thoughtful amenities, making it a true assemblage for refined living. The first-floor owner's retreat is a sanctuary of comfort, featuring a recently renovated bathroom and expansive walk-in closets. Culinary excellence is at the heart of the home, with a chef's kitchen that boasts top-of-the-line appliances, custom cabinetry, and dual islands ideal for casual gatherings and formal entertaining. Step outside to your private resort-inspired backyard, where a new pool and
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| Dec 31, 2020 | Sold | ||
| Sold | |||
| Jun 18, 2020 | Listed by Royal Palm Properties LLC | $5,300,000 | |
| Listed by Royal Palm Properties LLC | |||
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About Royal Palm Yacht and Country Club
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017