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720 N Ocean Boulevard
About This Property
Step inside to discover a world of architectural beauty, featuring built-ins, crown mouldings, and high ceilings that create an open and airy ambiance - a perfect backdrop for art. The spiral staircase is a striking focal point, while the sound system and wet bar enhance the home's entertainment capabilities.
The chef's kitchen is a culinary dream, equipped to handle everything from intimate dinners to grand gatherings. Terrazzo floors flow throughout the home, complemented by the warm glow of chandeliers, recessed lighting, and natural light from skylights.
The main floor primary suite offers a private retreat with luxurious amenities including a soaking tub and separate shower. The home offers a dual sided elevator, full house generator, reverse osmosis water filtration system, and video security system provides peace of mind.
Outside, the property boasts a totally private, center courtyard that includes an infinity pool with spa, garage with gated drive access and a third floor sundeck with an ocean view, service kitchen and sauna. Private gated beach access ensures the opportunity to enjoy beautiful Delray beach.
This home is not just a residence; it's a lifestyle, offering the perfect blend of privacy and convenience in the heart of Delray Beach. Don't miss the opportunity to make this exceptional property your own.
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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 |
|---|---|---|---|
| Oct 2, 2026 | Price Decreased |
$7,495,000
↓ $1M
(14.3%) | |
| Price Decreased | |||
| Jan 24, 2026 | Listed by Compass Florida LLC | $8,750,000 | |
| Listed by Compass Florida LLC | |||
| Apr 20, 2010 | Sold | ||
| Sold | |||
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About Crestwood
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017