705 Ocean Drive
About This Property
The manager has listed the unit size as 2884 square feet.
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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.
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 |
|---|---|---|---|
| Jan 10, 2026 | In contract | - | |
| In contract | |||
| Nov 4, 2025 | Listed | $2,650,000 | |
| Listed | |||
| | |||
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Single story home directly across the street from the Atlantic Ocean in Juno Beach. This beautifully custom-built and well-maintained home on a corner lot offers custom design, high ceilings, large rooms, plenty of light, 3 bedrooms, 4.5 baths, large kitchen with breakfast area overlooking courtyard pool. Split plan primary suite with his and her baths. Guest bedrooms are on-suite. Marble floors and custom moldings throughout. Large laundry room with cabinets for extra storage. Freshly painted inside and out, pavered drive, large 2 car garage with shelving, new AC, 2026; new pool heater to be installed, new hot tub cove.r Walk across the street via a direct path to the ocean. Vacant, Easy to see.
| |||
| May 20, 2025 | Price Decreased |
$2,500,000
↓ $80K
(3.1%) | |
| Price Decreased | |||
| Feb 18, 2025 | Price Decreased |
$2,580,000
↓ $100K
(3.7%) | |
| Price Decreased | |||
| Jan 12, 2025 | Price Decreased |
$2,680,000
↓ $120K
(4.3%) | |
| Price Decreased | |||
Property Highlights
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About Juno Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017