5907 N Ocean 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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 2, 2024 | Sold | ||
| Sold | |||
| Apr 17, 2024 | Listed by Douglas Elliman | $4,950,000 | |
| Listed by Douglas Elliman | |||
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A rare oceanfront opportunity awaits! Nestled on nearly 1/2 an acre in the highly desirable and quaint seaside town of Ocean Ridge, and located just minutes from Palm Beach and Downtown Delray, this truly turnkey transitional coastal modern home boasts ocean views and over 50ft of private beach space including your own large dune deck. No expense was spared in the full gut renovation of this stunning home. As you enter the gated property and walk along the winding pathway, you can hear the sounds of the ocean, smell the saltwater in the air, and feel the sense of tranquility that comes from the private, spacious, tropical yard. As you enter the home, you are immediately struck by the soaring vaulted ceilings and walls of glass creating a bright and airy sanctuary. The new white oak floors that run throughout as well as the fresh white paint and designer fixtures underscore the luxury beachside feel of the home. The open living and formal dining room lead into a completely remodeled eat-in chef's kitchen boasting solid wood custom cabinetry, quartz countertops, a 6 burner gas cooktop, new Miele dishwasher and coffee machine, a new high-speed Miele oven, and a newly built out walk in pantry with two Sub Zero wine refrigerators and freezer. The kitchen and living room open onto the fully fenced in tropical backyard oasis which includes a large covered patio, brand new heated saltwater pool and spa, summer kitchen, outdoor shower, and grass turf. Both of the oversized main-floor bedrooms enjoy spacious built-out closets and generous natural light, with one of the bedrooms boasting a completely renovated ensuite bathroom with quartz countertops and designer tile. The striking stairway leads to the sunny second floor where you will find the primary suite and an additional bedroom with ensuite bath, ocean views, and a private balcony. The master suite is a truly elevated and luxurious retreat with its own wraparound veranda, separate sitting area, an expansive built-out walk-in closet, and a designer bathroom to rival even the highest end hotel spas complete with steam shower and heated toilet seat. The spacious 3-car garage offers ample storage, has been newly epoxied and includes a newly installed lift for automobile collectors as well as an electric car charger. Enjoy the very best of oceanfront living whether it's from your gorgeous new home, the tropical oasis grounds, or the private beach just steps from your front door!
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| Jan 16, 2019 | Sold | ||
| Sold | |||
| Jun 28, 2018 | Listed by Park View Realty | $2,495,000 | |
| Listed by Park View Realty | |||
| Mar 21, 2015 | Sold | ||
| Sold | |||
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About Ocean Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017