650 Tern Point Circle
About This Property
Spanning an impressive 13,993 square feet, with approximately 8,826 square feet of meticulously designed interior space, this contemporary masterpiece boasts 7 bedrooms, 8.2 bathrooms, and 65 feet of waterfront frontage.
Upon arrival, guests are greeted by a grand entrance featuring soaring 30-foot ceilings, while floor-to-ceiling glass windows invite ample natural light to illuminate the expansive interiors. Art aficionados will appreciate the opportunity to showcase their prized collections. The interior design is a harmonious blend of timeless elegance and modern luxury, meticulously curated with impeccable craftsmanship and premium finishes.
At the heart of the home lies a modern dream kitchen equipped with state-of-the-art appliances, catering to culinary enthusiasts. Every detail is carefully considered, from the sleek glass-enclosed wine display in the dining room to the floating fireplace, adding both warmth and contemporary sophistication to the living space. Entertaining is effortless in the chic club room, seamlessly transitioning to the outdoor oasis adorned with a covered lanai, lounge area and a well-equipped summer kitchen overlooking the infinity pool and tranquil waterway.
On the second floor, luxury continues to unfold throughout each beautifully curated bedroom suites. The primary suite features panoramic water views, covered terrace, and dual closets and baths.
The Sanctuary, renowned for its exclusivity and security, provides peace of mind with 24-hour armed roving guards by both land and water. Beyond the unparalleled security, the community offers an array of amenities, including a 23-slip marina, tennis courts, a basketball court, and playgrounds, ensuring enjoyment for both family and guests alike. Nestled in East Boca, residents benefit from proximity to esteemed private schools, the Boca Raton Executive Airport, and numerous recreational and cultural attractions, guaranteeing a lifestyle of unparalleled convenience and sophistication.
Maison de Verre epitomizes luxury and magnificence, offering an unparalleled sanctuary for discerning individuals seeking the epitome of waterfront living.
A membership to The Boca Raton will be included if the property is purchased at the full asking price.
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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%.
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 |
|---|---|---|---|
| May 6, 2024 | Sold | ||
| Sold | |||
| Feb 19, 2024 | Listed by Douglas Elliman | $14,995,000 | |
| Listed by Douglas Elliman | |||
| Feb 18, 2024 | No longer available | - | |
| No longer available | |||
| Jan 9, 2024 | Price Decreased |
$15,250,000
↓ $250K
(1.6%) | |
| Price Decreased | |||
| Oct 8, 2023 | Relisted | $15,500,000 | |
| Relisted | |||
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About Sanctuary
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017