400 SE SPANISH Trail
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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 |
|---|---|---|---|
| Jun 12, 2018 | Sold | ||
| Sold | |||
| Nov 10, 2017 | Listed by Douglas Elliman | $1,300,000 | |
| Listed by Douglas Elliman | |||
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Build your dream estate among homes ranging from $10 to $25 million. Property is an oversized corner lot stretching from Fern to Lake Drive -- steps to the beach and Palmetto Park Roads shops and restaurants. Lot is more than 14,400 square feet but cannot be split into two parcels. ''As Is'' contracts only with right for inspections and with supporting riders. Information is deemed to be reliable, but is not guaranteed. Owner occupied, please do not walk lot without appointment. Proof of funds with any cash offer and pre-qualification letter with any financing offer. Exceptional opportunity in one of Boca Raton's most prestigious seaside enclaves.
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| Jul 30, 2017 | Listed by Doran & Co. | $1,425,000 | |
| Listed by Doran & Co. | |||
| Jun 7, 2017 | Listed by Douglas Elliman | $1,300,000 | |
| Listed by Douglas Elliman | |||
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Exceptional opportunity to acquire an oversized lot in Boca Raton's prestigious east-side enclave steps from the beach. This charming beach bungalow is the perfect investment at this price. Lease it seasonally furnished, or annually where tenants can walk to the restaurants and shopping of Palmetto Park Road. The beach and the Boca Resort are right there! Lot is more than 14,400 square feet but cannot be split into two parcels. Homes across the street range upwards of $15 million! Owner occupied, do not walk without appointment (dogs on premises). ''As is'' contracts with right to inspect.Single lots range from $800,000 to $950,000 and rarely are two adjacent lots available. This is just shy of a double lot -- but cannot be split into 2 parcels.
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| Jul 7, 2015 | Sold | ||
| Sold | |||
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About Boca Raton Por La Mar
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Doran & Co.
Last Updated: 6 months ago
Data Source: Beaches MLS, MLS# R3226909
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017