753 Park Drive W
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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 26, 2026 | Sold | ||
| Sold | |||
| Jan 28, 2026 | In contract | - | |
| In contract | |||
| Sep 11, 2025 | Listed by Douglas Elliman | $4,389,000 | |
| Listed by Douglas Elliman | |||
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Just two blocks from the beach and within walking distance to the restaurants of Palmetto Park Road and Mizner Park, 753 Park Drive W offers the perfect blend of modern sophistication and timeless coastal living. Built in 2022, this 4,360 square foot residence features four bedrooms, four full bathrooms, and one powder/cabana bath. A thoughtful layout spans two levels, enhanced by a private elevator, dual laundry rooms, and seamless integration between indoor and outdoor living spaces. The first floor is centered around an open concept great room anchored by a spectacular gourmet kitchen with Wolf and Subzero appliances, multiple ovens, and an oversized island. A sleek wet bar, porcelain tile flooring, and a sunlit dining area create a refined setting for entertaining. Walls of glass then open to a covered patio where a beautiful saltwater pool and spa are complemented by an outdoor kitchen with a Coyote gas grill, all framed by brand new landscaping. This level is complete with a spacious ensuite guest bedroom offering both comfort and versatility.
The second floor is devoted to private living spaces and showcases a primary suite designed as a true sanctuary. A covered balcony extends the living space outdoors, while the oversized spa inspired bathroom features dual sinks and water closets, a separate soaking tub and shower, and a custom walk in closet of exceptional scale. Two additional ensuite bedrooms and an open loft or media area provide abundant comfort and flexibility, enhanced by warm hardwood flooring that adds both character and elegance.
Further distinguishing the home are details such as a full house generator, gas appliances, and a spacious two car garage with ample storage. Perfectly situated within one of Boca Raton's most prestigious beachside enclaves, 753 Park Drive W is more than a home, it is a lifestyle offering the rare opportunity to experience coastal luxury living at its finest.
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| May 10, 2023 | Sold | ||
| Sold | |||
| May 13, 2022 | Listed by Preferred Properties of S FL | $4,395,000 | |
| Listed by Preferred Properties of S FL | |||
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About Boca Raton Por La Mar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017