701 NW 8th Avenue
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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%.
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 |
|---|---|---|---|
| Jul 1, 2025 | Sold | ||
| Sold | |||
| May 23, 2025 | In contract | - | |
| In contract | |||
| May 13, 2025 | Listed by Coldwell Banker Realty /Delray Beach | $750,000 | |
| Listed by Coldwell Banker Realty /Delray Beach | |||
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Rare opportunity to own a beautifully updated 3BD/2BA courtyard-style home on a 13,000+ SF double corner lot in one of Boca Raton's most exclusive, family-friendly neighborhoods with NO HOA. This elegant residence features 32x32 marble floors, an open layout, granite countertops, wood cabinetry, stainless steel appliances, impact windows/doors, and glass-enclosed showers. Enjoy seamless indoor-outdoor living with a free-form pool, expansive patio, and covered outdoor lounge space. Zoned for top-rated Addison Mizner, Boca Middle & Boca High. Just minutes from Mizner Park, Boca Regional Hospital, parks, dining, and beaches. Experience Boca Raton luxury living at its finest.
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| Mar 15, 2012 | Sold | ||
| Sold | |||
| Dec 5, 2011 | Listed by Better Homes & Gdns RE Fla 1st | $184,900 | |
| Listed by Better Homes & Gdns RE Fla 1st | |||
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About Tunison Palms
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017