70
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7418 Campo Florido
About This Property
At Boca Grove, you can rest assured you're amongst friends while enjoying the lifestyle you deserve. We have a full spectrum of members, ranging from families to retirees. You'll find a dynamic sense of community among our members, who share a common passion for exquisite living and the highest quality services. Members enjoy a nationally recognized tennis program, a fitness complex, and an array of casual and fine dining options, and of course, our Jim Fazio-designed 18-hole, championship golf course. There is rarely a wait for tee times and you'll always receive the special treatment you value.
With the best location in Boca Raton, Boca Grove is centrally located, directly across from the Glades Road turnpike exit. We are conveniently located near premier shopping and fabulous restaurants, and less than six miles from the beach, Boca Grove boasts more accessibility to beautiful South Florida than any other club in the area. Near Boca Raton Regional Hospital, one of the best in the state, as well as Top-Rated "A" Level schools at all levels, K through 12, public and private.
Beautifying the Grove
The clubhouse was renovated and reintroduced to the membership in October of 2017. A brand new concept restaurant, a sports bar with five large-screen televisions and all the amenities one would expect, had a soft opening for Super Bowl Sunday in February 2018 with its official opening with March Madness 2018. Chippers Sports Bar has become the place to eat, meet and be merry at Boca Grove. In addition, we have renovated all of our bunkers on our Jim Fazio 18-hole championship golf course.
In addition, to revamp our oasis, we recently added a fully renovated $11.5M sports and wellness center in November 2021. With a resort-style pool and splash pad, children's center, a casual dining cafe by the poolside, a full-service gym including pilates and group fitness studios, plus extensive exercise and cardiovascular equipment, it's no wonder Boca Grove earned a place in Club & Resort Business Magazine's top-ranked aquatics & pools of 2022. Coming #1 in Florida and #7 in the country, our facility is setting the standard for the country club industry.
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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.
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About Boca Grove Plantation
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017