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4117 S Ocean Boulevard
About This Property
MLS Supplement Page
Directions:
I-95 to Spanish River Blvd Exit. Continue East to A1A, then proceed North approximately 1 mile. Home on East side of A1A.
Original List Price: $11,000,000 Price Reduction: $605,000
Full Public Remarks:
This gorgeous gated oceanfront estate sits 25' above sea level with 100' of private oceanfront in the sought after town of Highland Beach. The property offers 13,316 SqFt of walled and gated property overlooking the Atlantic Ocean. Amenities include a spacious oceanside patio with infinity edge pool & spa, a gated dune walk-over that descends to the private beach, pecky cypress columns & ceilings, botticino marble floors, and a unique variety of granites & onyxes throughout. All 3 stories of the property can be accessed by stairs or by a level-5 elevator. The master suite includes a spacious bedroom and living space with reclaimed chestnut wood floors, 2 full baths, 2 full closets, an outdoor balcony, and private access to an exercise room overlooking the ocean. Continuing down to the 2nd floor is the primary living space which includes an oceanfront chef's kitchen and great room, formal dinning room with wine closet, living room with gas fireplace, powder room, and a private study with a cabana bath. Additionally, the 2nd floor offers a VIP Guest Suite. The 1st floor is equipped with an expansive theatre room, club room, kitchenette, full bathroom, temperature controlled wine cellar with a 3,000 bottle capacity, and an air conditioned 3-car garage. The front entrance showcases a beautifully crafted Chicago brick circular driveway. Other features include an alarm system, impact glass windows & doors, a booster pump for maximum water pressure, a water filtration system, and a brand new 70KW whole house natural gas generator. This property is in the prime location of Highland Beach which is close to fine dinning, shopping, and much more being located directly between Delray Beach and Boca Raton.
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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%.
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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.
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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 |
|---|---|---|---|
| May 14, 2021 | Sold | ||
| Sold | |||
| Feb 2, 2021 | Listed by Century 21 Tenace Realty Inc | $10,395,000 | |
| Listed by Century 21 Tenace Realty Inc | |||
| Jun 8, 2019 | No longer available | - | |
| No longer available | |||
| Nov 24, 2018 | Listed | $12,495,000 | |
| Listed | |||
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100' of private beachfront on 27' above sea level.11,534 SqFt of walled & gated property, 9100' under air w/impact windows. Pecky cypress columns & Botticino marbled floors thru-out. 2 story living room,limestone fireplace, Oceanside infinity pool & spa,patio & terrace.Open, Oceanview chef's kitchen,great room & executive office. Formal dining room, 2 ensuite guest bedrooms,private sitting room, powder room & cabana bath all on main floor.Reclaimed oak and Italian marble staircase lead to the upper level or a level-5 ELEVATOR may also be utilized. Between the main floor and the upper level is a loft w/15' high pecky cypress ceiling. A highly appointed master suite w/reclaimed wood floors, 2 seperate full baths walk in closets and 2 full ensuite bedrooms & laundry The manager has listed the unit size as 9475 square feet.
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| Mar 26, 2014 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017