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7 Ocean Lane
About This Property
Under Construction- Estimated Completion Spring 2026. Experience the ultimate in Oceanfront living with ''Toes on Sand'', a brand new Sabatello-built coastal masterpiece positioned directly on the beach in one of Palm Beach's most coveted locations. Designed by the renowned team of Portuondo & Perotti, this Art Deco-inspired estate blends timeless elegance with contemporary luxury. The residence features a natural coral stone exterior cladding barrel tile roof, and expansive walls of glass capturing breathtaking panoramic Oceanfront views from every major living space. Thoughtfully planned for both comfort and grandeur, the home opens seamlessly to sprawling patios and terraces, surrounded by the lush, mature tropical landscaping ensuring beauty and privacy. Below the surface, a state-of-the-art underground parking vault accommodates 10-14 vehicles, an extraordinary feature ideal for the discerning car collector. Adjacent spaces include a private gym, wine room, full bath, and customizable bonus areas- perfect for entertainment or personal retreat. "Toes on Sand" represents a rare opportunity to own a true Oceanfront estate of architectural distinction, crafted with Sabatello Construction's signature excellence and attention to detail.
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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.
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017