702 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 |
|---|---|---|---|
| Feb 24, 2026 | Sold | ||
| Sold | |||
| Jan 2, 2026 | In contract | - | |
| In contract | |||
| Dec 23, 2025 | Listed by Douglas Elliman | $9,950,000 | |
| Listed by Douglas Elliman | |||
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Set on a massive East Delray Beach parcel with approximately 115' of frontage and over 240' of depth, this newer construction residence offers direct deeded beach access across A1A. Designed by renowned Randall Stofft Architects, the custom estate offers 5,499 sf under air and over 8,000 total sf. Featuring 5 bedrooms with en-suite baths, luxurious primary suite with sauna, 3 car garage with bonus office space, and seamless indoor-outdoor living via pocket sliding doors opening east and west. Covered terraces overlook a resort-style pool and spa within private grounds. Gracious entertaining areas include gourmet kitchen with quartz countertops, bar with full-size wine storage unit and 3 dining areas. Just minutes to Atlantic Ave in one of East Delray Beach's most coveted coastal settings. Set on a rare and expansive East Delray Beach estate lot with approximately 115 feet of frontage and more than 240 feet of depth, this newer construction residence combines a premier coastal address with direct deeded beach access across A1A, offering exceptional scale, privacy, and value.
Designed by renowned Randall Stofft Architects and completed in 2019, the custom estate offers over 8,000 total square feet on an expansive .64-acre parcel. The home features five bedrooms, each with en-suite marble baths, along with gracious living and entertaining spaces designed for seamless indoor-outdoor living. Pocket sliding doors open to both the east and west, filling the residence with natural light and coastal breezes.
Covered terraces overlook a resort-style pool and spa, set within expansive and private grounds ideal for entertaining or quiet retreat. Entertaining is easy with gourmet kitchen featuring quartz countertops and high-end appointments, three dishwashers, three icemakers, three dining areas, a bar with full-size wine storage, and custom backlit bar table. The primary suite serves as a private sanctuary, offering dual closets and sauna. Additional highlights include a three-car garage with bonus office or work-space, two laundry rooms, and generator.
Ideally located just minutes from Atlantic Avenue, downtown Delray Beach, Boca Raton, Palm Beach, and both international and private airports, this exceptional property presents a rare opportunity to own a newer coastal estate on an oversized parcel with direct ocean access in one of East Delray's most desirable locations.
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| Dec 21, 2012 | Sold | ||
| Sold | |||
| Sep 12, 2012 | Listed by The Corcoran Group | $2,195,000 | |
| Listed by The Corcoran Group | |||
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About Delray Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017