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418 N Ocean Boulevard
About This Property
The estate features 8 bedrooms, 9 full baths, 3½ baths, 7 fireplaces, full sized elevator, bespoke kitchen with walk in fridge, , gaming room, multiple family rooms, relaxation spa, massive fitness center, 10+ car garage, numerous covered loggias, large turf field, several lush gardens, walking paths, recreational fields, and entertaining areas - all with views of the ocean, saltwater pool or gardens. Conveniently located just blocks from the famed Atlantic Ave of Delray Beach, this one-of-a-kind estate offers the privacy of a secluded compound with proximity to all the wonderful activities that are Delray Beach. Recent upgrades include: New Hurricane impact window and doors, woodwork, HVAC, landscaping, drive, gates, electrical systems, and many more other improvements. **More information available upon request**
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 15, 2021 | Sold | ||
| Sold | |||
| Sep 20, 2021 | Listed by William Raveis Palm Beach LLC | $35,000,000 | |
| Listed by William Raveis Palm Beach LLC | |||
| Jul 23, 2021 | No longer available | - | |
| No longer available | |||
| Apr 30, 2021 | Price Increased |
$35,000,000
↑ $1M
(2.9%) | |
| Price Increased | |||
| Apr 3, 2021 | Relisted | $34,000,000 | |
| Relisted | |||
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About Delray Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017