Built in 2021 by Villa Franca, 481 Ocean Ridge Way is a substantial
custom coastal residence offering more than 5,500 square feet of
beautifully designed living space in the heart of Juno Beach. The
three-story home features 5 bedrooms, 5 baths, a three-car garage,
private courtyard pool, multiple terraces and ocean views from the
upper levels. Clean coastal architecture, soaring ceilings
and expansive windows fill the interiors with natural light, while
upper-level terraces capture ocean views and cooling Atlantic
breezes. The main living level is anchored by a generously scaled
kitchen with an oversized island, abundant cabinetry and
professional-grade appliances, flowing naturally into the dining
and living spaces. A private courtyard pool creates an intimate
outdoor retreat, while multiple balconies and an expansive rooftop
terrace provide additional spaces to enjoy the surrounding views
and coastal setting. Equally impressive is the home's
infrastructure, including a six-zone Sonos audio system, Ubiquiti
wireless network, hardwired whole-house data system with dedicated
firewall, professionally monitored security, whole-house water
softening and reverse-osmosis drinking water in the kitchen.
Perhaps most compelling is the location. From Ocean Ridge Way,
enjoy the ability to leave the car at home and experience Juno
Beach on foot, with the Atlantic, neighborhood restaurants, cafes,
shops and everyday conveniences all nearby. The area's walkable
lifestyle is poised to become even more compelling with the
forthcoming Caretta development at Donald Ross Road and US-1,
bringing approximately 22,000 square feet of additional dining and
retail to the neighborhood. 481 Ocean Ridge Way combines the
privacy, scale and amenities of a substantial custom
residence with something increasingly difficult to replicate in
South Florida: a genuine walk-to-the-beach, walk-to-dinner coastal
lifestyle.
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.
Parking Features: Attached, Driveway, Garage, Garage Door Opener, Shared Driveway
Garage Spaces: 3
Open Parking Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Wet Bar, Built-in Features, Entrance Foyer, Elevator, High Ceilings, Kitchen Island, Pantry, Walk-In Closet(s), UpperLevelPrimary
Appliances: Cooktop, Dryer, Dishwasher, Electric Cooktop, Electric Range, Disposal, Ice Maker, Microwave, Oven, Water Purifier Owned, Refrigerator, Water Softener Owned, Water Softener, Water Purifier, Washer
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