6017 Old Ocean Boulevard
About This Property
Sited on approximately two third acre of lush tropically landscaped seaside grounds the residence encompasses 13,000 total square feet over three levels, including a separately detached guest cottage and four car garage. Exquisite and elegant craftsmanship is the hallmark to the six bedroom eight and one half bath compound.
Designed for entertainment, this home boasts a gourmet cooks kitchen plus catering kitchen, billiard room and bar, 2000 bottle brick wine cellar, HD home theatre, resort style heated pool, spa, and full outdoor kitchen.
An ocean view home office and gym equipped with Kinesis Techno System.
A Crestron Home system brings ever This majestic British West Indies Style estate captures endless, sparkling views of the Atlantic Ocean from all major rooms.
Sited on approximately two third acre of lush tropically landscaped seaside grounds the residence encompasses 13,000 total square feet over three levels, including a separately detached guest cottage and four car garage. Exquisite and elegant craftsmanship is the hallmark to the six bedroom eight and one half bath compound.
Designed for entertainment, this home boasts a gourmet cooks kitchen plus catering kitchen, billiard room and bar, 2000 bottle brick wine cellar, HD home theatre, resort style heated pool, spa, and full outdoor kitchen.
An ocean view home office and gym equipped with Kinesis Techno System.
A Crestron Home system brings everything together to be controlled effortlessly by the owner including an HD surveillance and security system, whole home automatic generator, smart house technology, and a self operating elevator.
Ocean Ridge is a barrier island strictly residential seaside town nestled between Palm Beach and Delray Beach. Easily accessible, it is 15 minutes from Palm Beach International Airport, and 30 minutes to Fort Lauderdale International Airport. World class restaurants, shopping, tennis, fishing, boating are all within minutes of this extraordinary property.
* 2000 bottle brick wine cellar
* Kinesis Techno System
* Crestron Home system
* HD Sound Proof Theatre
* Impact windows and doors
* Whole home generator
* 10 year Warranty on the Roof
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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%.
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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.
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 |
|---|---|---|---|
| Jun 21, 2019 | Sold | ||
| Sold | |||
| Jul 5, 2018 | Listed by Douglas Elliman | $6,999,000 | |
| Listed by Douglas Elliman | |||
| Jul 30, 2017 | Listed | $11,750,000 | |
| Listed | |||
| | |||
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Live the dream on the beach! This beachside estate was designed by world renowned architect Randall Stofft. Luxury living meets the British West Indies. This 6 Bedroom, 8.5 bathroom estate has incredible ocean views and details through out the home that are fit for a museum. Top of the line Sub-Zero and Wolff appliances make the kitchen a chef's dream kitchen. Designed for entertainment, this home has a 3D theatre for 8, resort style pool area with outdoor kitchen and bar, billiard room, and a custom built 2000 bottle brick wine cellar with it's own A/C. The gym features a ''State of the Art'' Kinesis Techno System, plus the Crestron Home system brings everything together to be controlled effortlessly by the owner.The manager has listed the unit size as 9870 square feet.
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| May 21, 2009 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
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