4237 Live Oak Boulevard
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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.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 21, 2016 | Sold | ||
| Sold | |||
| Oct 1, 2015 | Listed by Premier Estate Properties Inc. | $2,195,000 | |
| Listed by Premier Estate Properties Inc. | |||
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A sophisticated new residence in Delaire Country Club, this modern West Indies-inspired estate is fashioned for effortless luxury living in an exclusive boutique-style community honored as a Distinguished Gold Club of the World. Scenic views overlook the serene lakes and lush fairways of the magnificent Joe Lee-designed golf course from the choice setting of this custom-built five-bedroom residence by RWB Linares, a noted Boca Raton-based architectural firm. Subtle island influences add warmth and style to the fresh, clean-lined design featuring a versatile open floor-plan that fosters easy indoor/outdoor entertaining and also comfortably meets all the needs of day-to-day living. In the grand great room, the main living space is anchored by a dramatic linear fireplace, while the dining area is served by a convenient bar counter in the epicurean's kitchen, also open to the family/breakfast area. Sunlit, view-filled window walls stretch around the entire space, flowing to the outdoor entertainment area where arcing fountains cascade into the pool. Glass doors also open to the pool patio from the relaxing master suite in a voluminous private wing offering the luxury of two exquisite spa-like baths. In a sought-after country club community where newly built residences are seldom available, this stunning lakefront estate is a rare find.
Location
Live Oak Boulevard, Delray Beach, Florida. On 340± acres of lush Florida beauty, Delaire Country Club is an exclusive boutique-style gated community with only 326 estate homes centered on 27 holes of golf in a breathtaking design by Joe Lee, offering walk-on golf with no tee times. Extensively renovated in 2011, Delaire also features a stately yet gracious clubhouse, a tennis center, fitness center, and children's playground. Delaire Country Club is centrally located a short drive from fine shopping and dining in both Delray Beach and Boca Raton.
Property
This brand-new modern West Indies-inspired estate sits on a tranquil lake where the view overlooks the water and emerald fairways. Immaculate landscaped lawns surround the double-entry motor court and the resort-style outdoor entertainment space facing the golf course. Served by a summer kitchen and full cabana bath, lanais create a courtyard-like setting for the dramatic fountained pool.
Residence
Custom built to exacting standards, this sophisticated residence of 8,402± total square feet includes five bedrooms, seven and a-half baths, laundry rooms on both levels, an elevator, and a three-bay garage with additional golf cart storage. Wide-plank hardwood floors with a warm espresso finish ground the airy first-floor rooms, which have volume ceilings throughout. Impact-rated glass is used in all windows and exterior doors.
First Floor: Double doors lead the way into the foyer and window-walled great room lined with glass doors flowing out to the pool patio. Set off by a linear fireplace, this large living/dining space is open to the epicurean's kitchen and window-walled family/breakfast room, also leading to the patio, with the cabana bath adjoining. Equally attuned to function and style, the kitchen offers sleek white cabinetry, stone counters, glass-tile backsplashes, and high-end appliances including a Miele gas range. A formal powder room is off the gallery. Opening to the pool patio, the luxe master suite features two custom-fitted wardrobe rooms and two high-style spa-like baths, one with soaking tub and glassed shower. Entered through a vestibule off the foyer, the office/study doubles as a guest suite complete with walk-in closet and private bath.
Second Floor: Privately placed off the upper hall, three bedrooms all have walk-in closets and en-suite baths. One bedroom opens to a large covered balcony, also accessed from the hall, commanding panoramic views of the lake and golf course. A study nook is off the hall.
DISCLAIMER: The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering into a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed, please do not consider this a solicitation. In the event a Buyer defaults, no commission will be paid to either Broker on the Deposits retained by the Seller. "No Commissions Paid until Title Passes." Buyer pays title insurance, Florida documentary stamps, and all other closing costs for New Construction and land use. Copyright 2016 Listing Company. All Rights Reserved.
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| Jun 11, 2014 | Sold | ||
| Sold | |||
| Jan 12, 2014 | Listed by Unknown Office | $549,000 | |
| Listed by Unknown Office | |||
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About Del-aire Golf Club
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017